BYD - Boyd Gaming Corp - Page 7

BYD up graded to $16 from $9.50. Thats a pretty big change in price.

Not a big change in the intelligence of the analyst. I've got this on short watch, pierced upper bollie, shooting star on 15 min was failed gap test, watching for next rollover and maybe play the half gap.

ED: Short 60% posn from 12.56 looking for 11.60 stop is a price alert a dime above HOD.

Trailing stop covered 60% at 12.05, if it gets back above VWAP I'm out of the rest.

Nice Rando.   Whats VWAP?

Volume Weighted Average Price... for the given interval (default usually for the day so far i.e. intraday) it is the average price paid by the average participant measured on a per-share basis. Basically if the average holder was in a green position, I folded the rest of my hand as it seems like maybe they weathered the storm. Staying high on my short watch because this didn't even test half the gap, in fact it didn't quite drop to the open/gap up.

Thanks for the in depth explanation. Sometimes I need a stock dictionary reading some of your posts.  lol   

Gap has been filled, time to go up?

Now BYD may be ready to bounce or reverse back up.  It's sitting just above the 200 day - it actually touched it during today's trading.  Interesting, but it could slide a bit further if the market softens, so it might not be the perfect time to enter unless you like taking a chance near big MAs with a reasonably tight stop.  Not sure the short side is at all worth it any more.

Took another look at the chart.  Picture-perfect falling wedge, it's high time it busts out of it.  Either this is going to backtest and hold the 200 day, or it's crashing through, if the latter BYD is in for a serious beating.  Wedge is getting tighter than we like to see before breakout, so this is dicey.  I'd play this long only with tight stops and small initial position sizing.

In long here, BYD a great buy under 9.50 now that it spent time chopping around the 200 MA, moved back above daily 8 EMA, stop under 9 target 11-12.

I saw your post and decided to jump in too. In at 9.43.

Nice, it might be a bit sticky at this price with the 8EMA just below and 20SMA just above, it's struggling to push through the 20 right now.  If I had been watching that dip to 9.28 I'd have doubled down after it bounced!!

I bought right before that dip but was not really worried about it as the chart looks pretty good.Its been in a 2 month downtrend and looks primed for a move up. Stop is at 9 but I will probably be adjusting it up soon.Good luck.

 

 

 

+.27 @9.60 right now

HOD  9.67

I might write some 9 calls against this if things look just right, but I'd be looking for .70 or more for them probably .80, with the intent being to buy to cover for a nice little profit as a hedge against it going down (maybe even letting them expire worthless) and if this makes the confident move up we're expecting I might just add to the position on the way up.

At what price would you add to your position? If  this dips tomorrow or Friday,I will probably add also. I put an order in this morning for 9.0 in case we tested  there again,but,that was a fail.
 

 

I added a little more this morning at 9.27. Breakeven point for me is 9.38. Would love to see this break above the 9.50's next week.Macd continues its slow but steady grind up.

Took yet another closer look at this chart and just now with BYD at 9.55 wrote April 9 calls against the entire position for .65, wanted higher but noticed two recent highs at 9.64 and 9.67 so I'm just playing against resistance here.  I'm protected now on a 9.40 second entry all the way down to 8.75, and if those calls drop to under .40 I'll likely cover them.  Part of my logic in addition to that resistance above 9.60 is that BYD might take a little time in this range, so if it does I want my position to work for me.  I'm still wrapping my brain around how to properly manage covered calls.  In the end I'm best off if BYD chops around for a few weeks, not a bad bet in a market that moves up then churns around for a while.

 

ED: I wasn't sure when to add, but in retrospect, a break through 9.70 or close above 9.67 would probably have been a good trigger.

bought some just now at 9.01

Added more in after hours...averaged in at 9.30.

I added more this morning at 8.90... I think we are gonna close green today.