ELP BBD SID CIG ready to run. WPX ready to rebound with oil this morning as MGM to pop on growth news.
Markets down but a good day so far. I closed out ELP and took some nice profits as SID CIG flying and BBD with a small gain. The break-out for AMD continues on very strong volume. All the calls on AMD have been good of course. Yesterday morning I said " AMD on the dip and you can still get the Jan 20th 2017 $7 calls for 20 cents." Anyone buy?
Nice call.I almost bought AMD back in April before ER but I got burned twice on previous ERs and now I think its too high
Decent day considering the markets. I took profits on BBD and ELP and closed the positions. The big news of course is the break-out on AMD. To maximize my gains, instead of taking the cash on my June $4 calls I will hold the shares until AMD breaks $6. What I did not add to the link below is the after hours action on AMD. It traded above the HOD on a volume 1,600,499. Below these links there is a screen shot of the closing action in AH. Add this with a close of one cent below the HOD and there is a good chance AMD will continue the run on Monday. If you are going to to jump on board be careful as there could be pull back at any time on profit taking...Next stop $6 AMD - Break-out and thoughts http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-12511 ELP - Sold my position http://stockaholics.net/threads/elp-companhia-paranaense-de-energia-copel.137/#post-12395 BBD - Sold my position with explanation http://stockaholics.net/threads/bbd-banco-bradesco-s-a.135/#post-12507
Nice rally this morning all is up except AMD after hitting a new 52 week high AMD is finally pulling back. If it turns out to be significant I suggest to go shopping for calls. AMD down .02 @5.24
Me pump...never Those AMD Jan $7 calls I suggested last week at 20 cents has more than doubled. I bought them for 7 cents in March. I would still suggest buying on a decent pull back I lead you to water but I can't make you drink
I have had numerous bids in AMD calls with low ball bids as it is possible there could be a bigger pullback. To get my foot in the door I made a small 1st tier buy on the July 29th $6's at 19 cents to get my foot in the door. Expiration should be a few days after earnings. Last price should be .20
Besides taking profits on S, my AMD position and related calls looking good today. I had averaged up this morning on the August $6 calls
Hello TTT, congrat~! If you don't mind I am asking, could you share what your exit strategy is for the profit trades?
Thanks leonx81, basically I use the bollinger bands for my guide. In the case this morning of S moving up, I took in consideration that it was moving on heavy volume so I raised my exit price. I also draw trend lines to see where a exit may line up. Level 2 is also important to get a feel for how the stock is trading. There is more to it but this is a short answer. http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
My two remaining Brazilian plays CIG and SID are up today and I am getting close to my exit price. AMD taking a breather from a extreme overbought level. For those that don't have a position in AMD it might be a good time to buy some calls. T is maximizing my portfolio as this it is my biggest position. As I said in the S thread I bought back the shares I sold yesterday that was 1/4 of that position. As there is a lot of new trader here. The below link is by our own guru, Gil Oren on TA (Technical Analysis) Teach me Technical Analysis! http://stockaholics.net/threads/teach-me-technical-analysis.125/
In case you haven't been aware S has broke out starting yesterday. It very overbought right now so I would wait for a decent pull back in your thinking entering the trade. I took profits on CIG and now I have only SID left of the 4 Brazilian plays. I have been building up my cash and have not started any new trades until the Brexit vote is over. I did average up on MGM though. With Vegas getting Pro Hockey and a good chance to bring the Raiders to town, MGM will benefit the most of the Casino's. AMD dropped big on overdue profit taking and some big time shorting.
Nice rally today. Looking to take profits on SID today, up over 5%. AMD gaining some ground from yesterdays drop. S is slightly negative and still high in the overbought level.
I sold SID today on a 11% pop for a nice profit. I am now out of all the Brazilian plays with some change in my pocket. I have actually have been building my cash ahead of the Brexit vote just in case. Good luck, everyone on whatever tomorrow brings
I sold WPX in pre-market to add to my cash as it will probably drop much lower. I was fortunate that I sold all of my Brazilian plays for a nice profit. No doubt my portfolio will take a hit from the Brexit scenario. With that I will wait for the right buying opportunities but I am in no hurry and even then I will buy in small tiers until I see some stabilization in the markets
