I didn’t want to be the Debbie downer of the group a couple days ago, but I wanted to say y’all are crazy to not take profits above $2. CDEV has been down trending for years and at that level it was nearing pre-flu levels, as well as majorly overbought. It really does need to be treated like other penny stocks where you have huge upswings, only to give it back. I’m pretty sure I’d throw up if I bought in at $.30 and just watched it come back down from 2.40. Alas, everyone has different strategies and I wish nothing but the best!Interesting take from the clan at Stocktwits on CDEV, and worth the consideration...Okhotnik alluded to this:
@MrDayTraitor | Stocktwits
$CDEV $CPE my friends I will be here from start to finish, but on the way I will be selling the ups and buying the downs. Instead of closing one $1-2 million trade, im looking to close $3-5 million. There are two times if you look at the charts where this just took off like a rocket. When it...stocktwits.com
Some of us have had iron hands with this one, but with the profound re-cycling and huge upside lost, maybe it is time to rethink.
The Rokslide Stock Traders Thread
- Thread starter Kilboars
- Start date
ckleeves
WKR
Interesting take from the clan at Stocktwits on CDEV, and worth the consideration...Okhotnik alluded to this:
@MrDayTraitor | Stocktwits
$CDEV $CPE my friends I will be here from start to finish, but on the way I will be selling the ups and buying the downs. Instead of closing one $1-2 million trade, im looking to close $3-5 million. There are two times if you look at the charts where this just took off like a rocket. When it...
Some of us have had iron hands with this one, but with the profound re-cycling and huge upside lost, maybe it is time to rethink.
The last time two times it’s ran I have sold and bought back in. Didn’t this time and regretting it. I thought this was the time it was gonna get up and stay up but that’s clearly not the case. Fool me once...
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EastMT
WKR
You have to follow a couple decent people and ignore the rest. Many are scalpers, in and out. Some like FredADavis posts good long holds. I follow about 15 people on there, the good few with notifications so I can jump immediately if necessary.
Trevor73402
WKR
Depending on futures tonight, I’m going to pick up option calls on VLO, HAL, and CCL in the morning. I may add to some of my oil stocks PM if they don’t run up too much.
EastMT
WKR
I’m with you on this one, I can’t remember what I sold at now, but cashed out. Bought in yesterday at $1.40, with today wasn’t happy so sold out again at $1.40. I think CDEV is a swing play, wait for a dip, buy hold sell, repeat.
It just doesn’t have a long term trend of shooting up, unless oil goes to $100, then maybe.
It just doesn’t have a long term trend of shooting up, unless oil goes to $100, then maybe.
huntaholic123
WKR
huntaholic123
WKR
GTE got me this week. 
Trevor73402
WKR
It got me a lil bit too. I’m in 2500 shares @ .47GTE got me this week.
Broomd
WKR
Yeah there can be some mundane stuff; I look for links, futures updates, insider insight with the stock. I've learned a ton, in spite of a few boneheads there. Just the fact that many there have held this stock through fluctuation is commendable.
Whatever one thinks about the wash-rinse-repeat stuff, my CDEV is still up $15K due to my long hold of this stock--in spite of a 1860 down day.
That's down consdierably on my sheet, but I have 100% faith that it'll be back soon enough. This stock was $3.52 in February, it will be $3+ soon enough, Sept/Oct.? ..hell, it could be next month.
Part of the problem is the endless shorting on a stock that's trying to gain traction.
One last thing...all of these shales were trending down pre-covid. Some of these Permian stocks are solid companies that were pushed into a perfect storm.
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No I was selling my work mutual funds so I could invest it all in VOO, VGT, VTI, and FSKAX lol glad I had good luck so I am going to wait to see what happens today.
Bobbyboe
WKR
- Joined
- Feb 3, 2016
- Messages
- 660
Good thing I have a full bag of chips!
EastMT
WKR
I’m looking at buying some CLSK on a dip to around $2. Seems to have a history of jumps to $4, so I’ll set first sale for 60% to sell at $3, set the last 40% to sell at $4. If it reaches $4 off hours and starts to dip I’ll go ahead and sell the rest. That’s all if I get in for about $2
EastMT
WKR
Yeah the ones mentioned are not in my price target, waiting them out, or passing.
Bobbyboe
WKR
- Joined
- Feb 3, 2016
- Messages
- 660
Is today a bull trap? Seems like quite a large bounce off of yesterday’s lows. Wonder it it’ll bleed all day and end near even. Possible sell off heading into the weekend?
KurtR
WKR
looked this am and i am done going to let it ride for a bit
EastMT
WKR
I got into CLSK, AIM there at the lows. Let it ride
back country
WKR
- Joined
- Jan 10, 2014
- Messages
- 610
Thanks for the tip on CLSK. I decided to jump in to a little as well. Got it at 2.03 per share. Let it ride...
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