that is what I keep on telling myself in USA I am a bit worried holding overnight ..... I prefer to scalp easy n America some just goes up.. over here when a stock reach +10% get suspended then it could reopen at any price... not fun WPX got to my resistant 7.79 maybe toward $8 if the oil keep on going up
for info I sold at 7.85(poste don my daily thread) can't wait any longer .... relaxing time here sorry TT to have posted here
I sold 1/2 position @7.85, 2 cents off the HOD I will probably sell the other half as WPX is getting very overbought and high on the upper BB.
With WPX being overbought and high above the upper BB, I closed out my position getting a few cents more on the 2nd trade. This was my 2nd best trade this year. Now I will wait for a decent pull back to re-enter. (not 8 Ciao but it was time to take profits) HOD
I love to see a stock fall after I sold...With that I am looking to get back in as WPX is falling Speculations about the Output Freeze Weigh on the Oil Market http://finance.yahoo.com/news/speculations-output-freeze-weigh-oil-155221833.html TipTops - Top Picks (Entry prices on WPX ELP and BBD) http://stockaholics.net/threads/tiptops-top-picks.122/#post-2212
'morning TT 7.92 was good enough no risk here to lose the profit ... I take it after few minutes ... few cents at time not greedy you did very well bravo
Not near my entry point yet, but it is a step in the right direction. Oil needs to break below 40 to bring in the shorts as at $40, WPX is just above water to be profitable.
Oil currently at 41.53 and WPX down .17 @7.90 and still distant from my entry price Workers’ Strike Halts in Kuwait, Crude Oil Falls WTI and Brent crude trade lower Crude oil declined in the early hours on April 20. Oil workers’ strike in Kuwait ended on Tuesday night. In addition, the API’s (American Petroleum Institute) disappointing weekly crude oil stock report added pressure to oil prices. At 6:52 AM EST, crude oil futures for June delivery were trading at $41.73 per barrel with a loss of 1.7%. Brent oil for June delivery was trading at $43.38 per barrel—a decline of 1.5%. More http://finance.yahoo.com/news/workers-strike-halts-kuwait-crude-131101339.html
WPX dropping with oil and market. I put a bid in for a 9% drop from yesterdays close but may adjust as the day progresses.
I have traded WPX many times over and when oil goes back to the norm this Tulsa Oklahoma company would be good long term hold. In the mean time if oil should make a big fall it will be time to get back in to trade. Why Investors Have these Oil and Gas Stocks on Their Radar - UPL, WPX, LINE, and CNX WPX Energy Inc.'s stock finished last Friday's trading session 4.75% higher at $8.60 with a total volume of 9.68 million shares traded. The Company's shares have surged 38.26% in the last one month, 91.11% over the previous three months, and 49.83% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 44.67% and 24.10%, respectively. Additionally, shares of WPX Energy have an RSI of 73.77. Sign up and activate your free alert on WPX at: More http://finance.yahoo.com/news/why-investors-oil-gas-stocks-130000155.html
WPX getting hit hard today with oil down bout 3 %. I will probably jump back in oil drops down a little lower and I will enter in percentage drop with tier buys to be on the safe side. I may buy a 10% drop today if looks supportive from there
Most of the time when I research a stock for a swing trades I still want good fundamentals to lessen any bad news during my trades. WPX fit the bill and is good as swing or a long term investment when Oil returns to the norm I have traded this six time and started a new position today. Because of the volatility of Oil I will only buy in 5 to 10% drops and the first trade it needs to be a 10% drop for me to enter. With WPX I wanted to get my foot in the door and I got close enough to a 10% drop to make a 1st tier buy near the LOD. WPX Energy (WPX) Stock Retreating as Oil Prices Slump http://www.thestreet.com/story/1355...-oil-prices-slump.html?puc=yahoo&cm_ven=YAHOO
Yes, I figure what deep support I am willing to drop to. Then on a stock like WPX I buy on every 5 or 10% drop and the 5% drop is only if I think it is ready to head north. If I am undecided on a 10% drop I may split that buy in two trades to get the best buy of the day. I am at advantage getting a 100 free trades a month. I use this strategy in mostly volatile markets like we have now. It has treated me well.
After the big pop this morning WPX is treading water as oil dropped and is jumping around. I still hold most of my position but looking for a reload on what I sold on the pop.
This all the info I could find but this might bring a better buying op. It might be interesting to see how WPX reacts if oil should be up tomorrow. I think I mentioned I was looking for a reload from my sell this morning. 5:20 pm WPX Energy misses by $0.02, misses on revs (WPX) http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#
