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Nice trading today in a month we should know something about the path ahead
until then slow and steady up sounds good.
In the conference it said I believe June 18th they will have a meeting this BK should be simple.Probably will be a buyout at that time I would almost bet on it or else they will emerge from BK the lenders really screwed themselves they should have worked with them.
They are on the OTC now, like I said they are in BK right now. This will change, I am waiting on the final outcome. Don't put much in it Please I would feel terrible. Dig a little deeper and see what you think. The filing is on their website.
I did the same thing before so this time I swore I would wait it out a month later and down 40% I couldn't take it anymore.
The dilution is from the shares they traded there is more there than people understand. I am watching it daily if something changes I would get back in but for now I am waiting.
Its on my watch list still. Its pretty predictable can make 10-20% daily day trading it. I will be watching for a bottom wherever that maybe
Thank you Brow I will take a look at that. I am going to miss this board some really nice people here. I wish I could wait a year or two but I can't and the bottom here is limitless.
I wish you all the best and maybe now that I sold it will go up again! Thats what usually happens every time I sell
Thank you WW, I hope you can recoup too! Everyday its a little lower I couldn't take it anymore. If we had a green day it was up from losses the day before and the next day down further. Everytime I watched level 2 and it should have flipped higher they would dump more shares causing it to flip the wrong way been watching it do that for a week.
I hope they make it. There is a rocky road ahead for them and I can't wait a year or 2 to see what happens. Good Luck to you and everyone else here
And the selling continues.., I am getting out at about 40% loss kept holding waiting watching it bleed more daily should have done this when I first started to sell at 5.80.
I am done its perfect for day traders ride it up and sell by lunch time otherwise it is worthless as an investment. Folks were right saying it was going to 4 then 3 now 2 unbelievable. Good luck everyone you are going to need it.
The problem here resembles a penny stock with toxic debt. I have been watching level 2 on this and its plain to see this is in a spiral and I am beginning to wonder where this will end. I am not trying to knock it I know the company did what it had to but the price of this is not beneficial to share holders.
Anytime it moves up they throw hundreds of thousands of shares for sale with not many on the bid boom down the price goes. There are plenty to sell but no one wants to buy into it they have done much damage here with the selling. The selling needs to stop!
People are not feeling very confident and I can't blame them.
I feel the company has a chance to make it but as far as a investors long & short term its going to be a long hard road to any kind of recovery. JMHO
With that said there is more bad news check Seeking alpha
http://seekingalpha.com/news/3184246-oklahoma-oil-producers-lose-tax-rebate
I just listened to it and more than ever I believe this will be bought out it is just sitting there and can be bought below its value. A no brainer for someone with cash to spend this would be a golden opportunity.
I am almost 100% sure the movement is from them unloading shares. They should be close to being done of course it will take time to absorb them the chart is still looking good we just need to break through and hold. Getting above the 50 dma would be a big positive for us but we also need to hold above it.
If we can get through all of these shares and hold in this area we should be able to move back up a lot faster and it couldn't happen quick enough for me.
I am going to need a 60% move to break even sick of watching my money evaporate daily.
1,324,300 @ 4.0105 so probably close to 3 million after hours in 10 minutes. See what happens through this week I am getting tired of no gains at all
Way over 700,000 shares went through after the bell maybe they are getting close here. I have been seeing these large orders for a while now maybe another week and this will stop before they kill it
I hope I am wrong too! They are flipping these shares back and forth I think thats whats happening and they should be getting close to being done. God I hope they are close
Half million on the ask these guys need to let up here. Once they are done we might move up but where will we be when they are done is the question?
I hate to say it but I believe this is the shares hitting the market from the swap they keep piling on so many at once and will sell at the bid all day long they are killing the stock. There is zero strenghth here and believe me I don't want to see this I am close to 40% down and falling daily.
They need to back off so it can move up this is ridiculous. If normal sellers were here with normal size orders but the orders i am seeing are well over 100,000 lots and growing. I e-mailed public relations and have yet to hear back from them.
Chart looking good so far Natural gas up and oil lets hope its a good day!! We could use it
I believe that too! Looking forward to another 10-20% gain today nice steady climb. I might hold out longer watching to see how it goes this next week.
I never got to finish listening to that conference call, it stopped working half way through. Might try it again today
Someone is doing this on purpose it was rotten trick and completely twisted, but the article states Speculation therefore IMO they can get away with it.
These oil companies are in a league all their own and have so much manipulation. You can make a fortune or lose it all real quick.
Now between 4/15 and 4/29 -20,133,140 short shares were covered leaving 111,792,108 shares shorted as of the end of April. Trying to figure out what they hope to accomplish with all of this.
All of the postives Jerry posted are no where to be found and yet that half A$$ article came through on the news feed they must have all kinds of articles to release if they see it gaining any momentum.
Now next month they may want to pump it up the winds not blowing that way today. I certainly hope we see some upside soon. I am getting worried where we closed today is not a good sign and we are losing support could fall further. Lets hope not
I was told to buy calls. Never done it before but I applied for a options acct. waiting on approval. it is a lot cheaper and if it hits the price you reap the gains.
You pick the date range and the price and can buy a 5.00 call for around .10 in June. If it hits your target you can make 1000% plus I see some that are 3,000%. Keep in mind if it doesn't hit the price or above its worthless once the strike date passes.
When you buy one you get 100 options you can also exercise them if it hits the target and buy the stock at the stock price if you bought 5.00 and the price is at 6 you get it for 5 and can sell it for 6.
With what they are doing to this stock it seems the safest way to go. This is being done on purpose someone wants it down just wish I knew the motive behind it.
Honestly I believe all the big players are tearing down the oil companies making sure they stay down and they are taking over the co much cheaper.
Hope this helps most of this is new to me we did break support and I am worried about what tomorrow will bring. I would watch it closely before entering make sure it seems solid and is gaining these oil stocks are so volatile and can move so quick either way, you might want to wait on buying more.
I hate to see anyone lose money I know we all want to make money this has me so far in the red right now. I would watch it first some say its going to drop further and some shorts have went long on it as of today.
Nice trading today I love the fact it doesn't drop low volume. Patience will pay off here I plan to get out between .75 and a dollar with most but leave a small position for the long run.
I wish I had a crystal ball because I will probably kick myself for not waiting it out.
Thank you Jerry unreal none of these showed up in my acct. yet the one that had nothing absolutely nothing to do with us came through seems they weed out the good and leave the bad where this name is rarely mentioned and send it through. Why not more bad pr for the shorts to feed on all of the traders have learned to follow them making it worse.
Funny the only news feed I got was one of WMB blaming CHK. None of these came through how convenient. I can't find them can you please post the links?
That explains why they took us down so low damn them!
I have been out of trading for almost 9 years and it has changed the manipulation is rampant. The shorting is horrible and when people have inside info they are ahead of us while they pump and short people are buying then they pull the rug out and down we go. I thought pennies were scams.., not any more its everywhere.
Nothing like the plan Bernie has laid out you should check it out further you might be shocked, he is against corruption and that is what is going on here. Every candidate we have well.., God help us we are going to need it.
I know some are scared its a bk play but will have value upon exit of BK. Eric being in here is a good sign, he has over 5 million in this and intends to do something big this is his specialty. He is a common holder just like us I have faith in this play just from that aspect. With any volume this flies but today volume dried up but it holds up well at least it didn't drop
This will move up with buying no selling at all going on unless it is a few profit takers. With a potential takeover I am holding here could be a big run coming. Time will tell
From that article people are crying BK everywhere.., manipulation like I have never seen before this stock gets so beat up. Like a fighter he goes down just when he begins to lift his head bam down he goes again over and over.
Read this and you will see they mention CHK like it went BK and thats why they went down there is no bk it is off the table for at least 2 years and by then they should be fine. Why this even came through the news feed for CHK is beyond me it has nothing to do with CHK. in fact when that co was down it was them downgrading it and trashing it. It had nothing to do with CHK such liars.
Bernstein Speculates On Williams Companies' Standalone Value
10:18 am ET May 16, 2016 (Benzinga) Print
Bernstein’s Jean Ann Salisbury believes that if the merger between Energy Transfer Equity LP (NYSE: ETE) and Williams Companies Inc (NYSE: WMB) is successfully completed, the share price of the latter would rise.
Salisbury maintains an Outperform rating on Williams Companies, with a price target of $25.
Standalone Stock Potential
Naming Williams Companies as one of Bernstein’s Top Picks, the analyst mentioned that the stock valuation “has been suppressed by uncertainty around the Transco turnaround, Chesapeake bankruptcy, and a dividend cut. However, when we run scenario analysis, we see standalone upside in almost all cases.”
Salisbury believes that the stock could have almost 30 percent upside potential, standalone.
Related Link: Goldman Lowers Oil Price Projections, Sees Return To Surplus In 2017
However, the stock is down 62 percent year-to-date, and one of the worst performers in Bernstein’s coverage.
Reasons For Underperformance
Salisbury explained that there was a “combination of concerns” that led to the year to date underperformance.
Firstly, there has been market uncertainty regarding new projects, specifically a turnaround for Transco. Salisbury expects a 20 percent or $800 million increase in EBITDA from Atlantic Sunrise and other Transco projects during 2015–2018.
“The biggest negative aspect for Williams is the specter of E&P bankruptcy, most notably from Chesapeake Energy Corporation (NYSE: CHK),” Salisbury mentioned.
Chesapeake Energy accounts for 18 percent of Williams Companies’ EBITDA, and the analyst expects an impact of $400 million from a potential bankruptcy.
Salisbury also pointed out concerns surrounding the uncertainty regarding base asset decline and an impending dividend cut.
Latest Ratings for WMB DateFirmActionFromTo
May 2016BernsteinInitiates Coverage onOutperform May 2016Raymond JamesDowngradesOutperformMarket Perform Apr 2016BMO CapitalInitiates Coverage onOutperform
View More Analyst Ratings for WMB
View the Latest Analyst Ratings
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
I feel like they are driving down the smaller companies and the big boys are taking over everything.
God I hope Bernie Sanders wins! Investors don't stand a chance. With shorts puts and calls they drive the market to suit there greed it is insane. To post news about another company on CHK news feed and then throw that bk in there and blame WMB on CHK. I remember when they trash talked WMB.
What they do should be the same as robbery they steal from common shareholders.
Amen to that
Might want to listen to this on UPL and Eric I am listening to it now.
https://soundcloud.com/user-510253489
Barclay is not a MM. Its not the MM its the people pushing the buttons. Its not the company doing this either. These are big people not wanting this to move up. The article clearly states speculation so its not fact I suppose this is how they get away with it. However it clearly states CHK's bk brought WMB down is a complete lie. Why post speculation news about WMB on CHK's news feed? Clearly to bump them up and knock us down again. I am over their games this is my money they are messing with to make their gains. They probably have puts on this around 2 or 3 and want to collect God the Greed in this market is unreal
I was going to e-mail their investors relations and completely forgot. This is ridiculous. I remember when they did the same thing to WM. Some thing needs to be done this was definitely and so obviously done on purpose to take this down.
They will not allow any movement unless its down on this stock. They want no upside maybe Goldman is behind this? I believe I am going to write a few e-mails such crap as this should be investigated.
When is enough money enough for them? I am just blown away from what I am seeing. I know who I am voting for and Hope and Pray to God he wins because things will change with the haves and and their ruthless measures to manipulate the market makes me sick. They are playing with people financial security due to greed and this is legal they posted WM PR on CHK's feed and listed we brought them down from the BK absolutely unbelievable.
Girlfriend was speaking of emotions well I am full of them today! I just can't believe what they are doing to this stock.
Enough is enough.., I don't care if people think no one will listen if enough people make noise maybe they will listen CHK needs to set this straight quick!
Oil is up to 46.97 right now tomorrow should be interesting. Some think that we will run mid week while others are bullish tomorrow.
These articles might give some insight into the reason Eric bought into UPL Maybe keep a few for the long haul, could be interesting and a very good investment.
Natural Gas - The Perfect Storm Is Coming
http://seekingalpha.com/article/3975150-natural-gas-perfect-storm-coming
Goldman Sachs emerges as vast natural gas player
http://www.cnbc.com/2016/05/15/financial-times-goldman-sachs-emerges-as-vast-natural-gas-player.html
This would explain why the bank had no problem offering the credit line to CHK.
Natural Gas - The Perfect Storm Is Coming
http://seekingalpha.com/article/3975150-natural-gas-perfect-storm-coming
Goldman Sachs emerges as vast natural gas player
http://www.cnbc.com/2016/05/15/financial-times-goldman-sachs-emerges-as-vast-natural-gas-player.html
Chesapeake Energy Moves Another Step Away From The Brink
http://seekingalpha.com/article/3975113-chesapeake-energy-moves-another-step-away-brink?app=1&auth_param=1cvl1i:1bjgcqe:4c96ff50886600f9afe3a091c5077ae4&uprof=45&dr=1
Got some funds added yesterday afternoon if my other one looks like i expect I will sell it and jump over here with it as well. I really think this will go over a dollar
I came close to selling CHK today thought it might at least get me even and down it went again! I have made so many bad choices selling at the wrong times lost more than I could afford to. Now I have been too careful which is just as bad.
I am going to free up as much as I can and jump in Monday morning. Just to warn you any thing I buy usually dives. My luck just sucks!
I do believe this will go over a dollar short term. Long term who knows where it may go up up up I would say from everything I read.