REXX - Rex Energy Corporation - Page 3

Continuing to run. Sitting right under the 50 day moving average right now. What are your plans for this? Do you have a sell price target?

I really do not have a price target but I do plan on holding this into higher RSI levels. There is resistance in the 12.50 area.If we close above that,we probably go higher.Its also breaking out of the downward channel that I have been watching.Technical indicators all point up.

 

I suck at posting charts but I will try.Couldn't figure out the chart posting...:-( 

Yeah I see what you are talking about with it breaking to downtrend. I was gonna hold until 12.50, but I'm thinking to hold at least until tomorrow. It has been so strong the past three days. A close above 12.50 would be awesome.

Sold half of mine at 12.50. Anyone think holding to 13.50 as a stop is still any good?

I sold all I had at 12.54. I didn't like the 12.50 resistance. It did close above it though so we'll see. I might buy back in if there is a dip Monday.

Personally,I am holding as the current trend is up and looks strong as volume on Friday was about 150% above normal.I would expect this to pull back some as the recent run has gone up fast from a low in the low 10.30's about 10 days ago.

 

If you get a chance listen to there last conference call. The coming year looks to be quite busy. Also,in the last week,6 insiders bought shares averaging about $11.50 per share.

 

Next resistance is $12.80 or so. Good luck.

Yeah the insider buying is a good sign. I just didn't want to get burned after making a good profit on this. If it dips I'll probably buy more.

If the other guy was a trading kamikzae or had lost lots in the past, you should easily get half.  If he was a buy and hold who did ok, no way should you get more than 20%.  A lot of it depends on the other guy.  Think of it this way, if he could make 10% ROI buy and hold, and took the risk of someone managing his dough, maybe paying you 30 is way more than fair.  In the end you are the only one here who knows all the details.  I would be thrilled with 20.

I am very confused right now. What are you talking about?

You lost me too Rando.

Sorry, I must have messed up, was replying in another thread and I did not think I had switched threads.  Please ignore.

Trailing stop triggered a sale of half my position yesterday morning for just under a 12% gain. Not happy about it because after it sold,the stock went up another .40. I actually tried to cancel the order when I saw the markets taking off,but I was about 1 minute too late. Anyway,REXX has been like a yo yo the past two days. Stop set at 11.15 if it decides to sell off again.

Stopped out on remaining shares at a tad over break even prices.Looks like tens are coming.I will be buying this back at some point.

I will be watching this to for a reentry as well. The last few days has been crazy for this stock and the markets in general.

Just shorted at 11.37. Looking for mid to upper 10's.

Covered today with a 3.5% gain. News out that they have reafirmed guidance. Stock down 5%.......pondering a new entry either today or tomorrow.

REXX CEO resigned, second time in a year. First guy Ben Hulburt was essentially forced out due to divergent vision of the company's direction. New guy Churay didn't last very long, this timing coincides with the big red candle the other day. These departures coming so close time wise is a big red flag for me, there must be something dark inside of the company. Their HQ is in my town but for now I am not going to follow the stock's movement.

Wow, in listening to their conference calls earlier in the year,I thought for sure good things were to come from REXX. You are probably right something is not right,especially since Churay was only in there for 6 months.

 

Jumped in for a starter positionat 13.19 as REXX kissed the lower bollinger band  although this could go lower from an RSI point of view and the weekend being tomorrow.   The 12.50 area would be my next possible buy depending on markets.

 

Currently 13.03 with the low being 13.0

Bounced at the 200 DMA.  Lets see if that holds first.