TipTops - Top Picks

Discussion in 'Trade Journals' started by Tiptopptrader, Apr 3, 2016.

  1. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

    Joined:
    Apr 4, 2016
    Messages:
    4,002
    Likes Received:
    617
    Hi T
    compliment for this thread.... I normally I follow this thread in silent (not to post irrelevant or O/T)
    but today I have to say a special thanks to you because I scalped ELP with a good green result ...
    keep them coming and I trade them ;):D
     
  2. YLC

    YLC Member

    Joined:
    Apr 3, 2016
    Messages:
    84
    Likes Received:
    15
    Nice comment from Wynn himself...

    Casino mogul Steve Wynn has unleashed a storm of controversy by telling investors in his gambling empire that his business caters to the wealthiest patrons because “nobody likes being around poor people — especially poor people.”

    Wonder if this will impact the price for a bit.
     
  3. internationalstocks

    internationalstocks Active Member

    Joined:
    Apr 3, 2016
    Messages:
    378
    Likes Received:
    143
  4. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    Thank you for the kind words Ciao and glad you did good on ELP!
    YLC and Internationalstocks: without a doubt Steve Wynn is a different breed. His remarks about poor people were uncalled for. Regarding his wife Elaine Wynn, she was pushed out of the board unjustly in my opinion. She has been a staple in Vegas and in my opinion a class act...I hope she wins in court.

    It was a crazy day on Friday with the markets doing a reverse turn from a nice pop. I am happy to say all three of my swing plays fared well with WPX cracking through the upper bollinger band. As impeachment is getting closer in Brazil, ELP and BBD were on fire and held much of their gains when the markets went south. All three of these stocks are volatile and come with risk but the big swings have provided good rewards.

    upload_2016-4-9_7-25-37.png

    WPX - with chart and Target Price
    http://stockaholics.net/threads/wpx-wpx-energy-inc.136/#post-1240

    AMD - Targeting the Next Big Opportunity for AMD: Virtual Reality
    http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-1252

    Gaming Stocks - Why they dropped on Friday
    http://stockaholics.net/threads/gaming-stocks.134/#post-1215
     
  5. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
  6. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

    Joined:
    Apr 4, 2016
    Messages:
    4,002
    Likes Received:
    617
    me again :D
    CNTY interesting ... will add to my list together with BBD ... I already followed WPX

    btw I can see why that avatar ..... interested in casino ;)

    how about this one then :D
    [​IMG]
    take a virtual tour http://www.montecarlosbm.com/virtual_tour/atrium.html

    Edited// posted the wrong link
     
  7. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    Beautiful place Ciao

    I am looking for some market to take some profits on ELP, BBD, and more on WPX and if oil can hit 40 that could be a big driver for WPX. All 3 held strong with big gains on Friday with the Market doing a big reverse from the morning highs.

    If market is down then I will probably put a bid in on CNTY
    http://stockaholics.net/threads/cnty-century-casinos-inc.485/#post-1399
     
  8. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    ELP and BBD both ready to gap up this morning and the bid is above the upper BB on WPX in pre-market
     
  9. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

    Joined:
    Apr 4, 2016
    Messages:
    4,002
    Likes Received:
    617
    Hi Tiptoptrader
    done a nice scalp on WPX... although I follow it as well was you that make me decided a BIG thanks:D
    if you pass my way I buy you a drink;)
     
  10. Brewon

    Brewon New Member

    Joined:
    Apr 11, 2016
    Messages:
    2
    Likes Received:
    0
    think BBD will go any higher?
     
  11. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    If the market can climb back near it's highs 8.25 might be with in reach. Currently 7.94 up 5.10%
     
  12. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    I took profits on ELP, BBD, and WPX. When I saw weakness in ELP I sold the whole position as the profits were to good to resist and I am already looking for a reload.I still hold the bigger parts of my positions in BBD and WPX.

    CNTY - Why I cancelled my trade

    http://stockaholics.net/threads/cnty-century-casinos-inc.485
    ELP
    http://stockaholics.net/threads/cnty-century-casinos-inc.485/#post-1689
    BBD
    http://stockaholics.net/threads/bbd-banco-bradesco-s-a.135/#post-1693
    WPX - Broke through the upper BB
    http://stockaholics.net/threads/wpx-wpx-energy-inc.136/#post-1704
    Gaming Stocks
    http://stockaholics.net/threads/gaming-stocks.134/#post-1707
     
  13. FastEddy

    FastEddy Member

    Joined:
    Apr 3, 2016
    Messages:
    52
    Likes Received:
    21
    Thanks Tip! I cashed out on WPX today on your target price. Keep those winners coming
     
  14. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    Glad you made some money FastEddy!

    Today was a good day in the neighborhood. I sold into the rally as WPX and BBD were both overbought and above the upper BB. With that I have no positions in WPX, BBD, or ELP.. I hope to re-enter all 3 of these when conditions are right. My Scenario now is if the market is up tomorrow I will just watch my long's grow, if it is down I will be out looking for a bargain. I have WYNN on my shopping list again as it is being shorted the best I can tell. I am ready for a little break so either way the market wants to go I am good with.

    WPX
    http://stockaholics.net/threads/wpx-wpx-energy-inc.136/#post-1891

    BBD

    http://stockaholics.net/threads/bbd-banco-bradesco-s-a.135/#post-1903
     
  15. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    I trying to take a little break as I sold all my swing plays. I will wait for a decent pull back and then I will go to work. I just set watching most of my longs grow today but I did spot some unusual trading on MPEL. The link below will give some different thoughts on what is going on with MPEL (up 6.79% on heavy volume to close @16.99)

    MPEL
    http://stockaholics.net/threads/mpel-melco-crown-entertainment-limited.140/#post-2106

    Gaming Stocks
    http://stockaholics.net/threads/gaming-stocks.134/#post-2113
     
  16. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    ELP is down over 7% this morning but as it's swings can be large I may enter around a 10% drop. There is also a gap play around 7.37 that I already have a GTC bid in for.

    upload_2016-4-14_6-52-39.png
     
  17. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    I now have 1st tier bids in on WPX, ELP, and BBD. These sound familiar...LOL...Patience is needed for a good entry price as it could take a few days to few weeks to fill just depends on oil (WPX), markets, and with ELP and BBD the impeachment of the Brazil president.

    Current Bids (These prices could change the closer it gets to entry price)
    WPX at 7.05
    ELP at 7.37
    BBD at 7.07 (may take some time to get there)
     
  18. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    I have added CHK to my list of bids. I normally trade stocks with good fundamentals but CHK is strictly a bounce/gap play. I have also updated the bid on WPX. Keep in mind that these prices could change as the charts and environment change. Some of the bids may seem low but with bad market conditions they all could be attainable. If I get one out of the 4 bids filled I will be good with that. For some time I have been getting ELP BBD and WPX filled over and over again.

    ELP 7.37 potential profit 13.49 %
    BBD 7.07 potential profit 15.7%
    WPX 6.30 potential profit 17%
    CHK 4.45 Gap play and 26% potential profit

    My longs BAC and VLY have picked up some nice gains in the last two days.
     
  19. FastEddy

    FastEddy Member

    Joined:
    Apr 3, 2016
    Messages:
    52
    Likes Received:
    21
    I am in Tip
    I did real good these before. Some people pray for rain I am praying for oil to drop
     
  20. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,125
    Your prayers were answered FastEddy, as oil is down and so is WPX and CHK at -3%+. We need to go much lower for a good entry point
     

Share This Page