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I have no idea how to find out which MM they use. They can use anyone they want just like we can. I don't think they use just one and I don't believe CHK is doing the selling.
Barclay isn't a MM why do you think they are market makers?
I really don't know everything I found last night is positive but where will it land when BK is over? I would be so happy to see a dollar here, damn sure wish I would have loaded I had a feeling about this.
He has control over discussions with 11.7% stake and he might even buy more I am sure he intends to get this back where it belongs. Hes a shareholder just like everyone else but has the power to fight for all shareholders. Win Win here
Very nice day! I am stuck right now or I would have bought more!
Oh No! Sorry to hear that you must have been in here for a while. I am just learning how to trade options and plan on using the puts so i can at least protect my investment. You might want to do that it helps a lot.
Been out of trading so long I forgot and made some bad choices. I bought the right stocks at the wrong price or jumped out too soon because I panicked. Trying to remove the emotions now and just go with it and also to read the 1 minute chart prior to entering.
I am getting back into the swing of it slowly, if I don't go broke first.
Good Luck to you!!
Not a problem, I am red right now and I know its frustrating as Hell but until something positive gives the bears are in control. Volume is very low today that doesn't help either.
On a positive note the chart is looking positive for next week.
I need this to get in the 6 range to break even with trade fees and a profit would be nice.
It is 318 it hasn't been 400 in quite a while heres the link
http://www.investing.com/economic-calendar/baker-hughes-u.s.-rig-count-1652
This is great with oil down and its up!
I see green and plan on much more in the future.
Flippers buy and sell higher on the ask. Shorters pump it up sell it to you and drive it down to cover that is what kills it. Daytraders trade stocks all over the stock market and it doesn't hurt it actually helps with the volume and liquidity.
Those shares aren't hurting the price what they did was the right move and they have cut cost considerably it should show on the next earnings.
Bottom line that article is what killed it allowing the shorters to drive it down as low as possible to cover and that triggers stop losses which drives it even lower.
Rig count down from 328 to 318
Flippers provide liquidity they don't hurt it the shorts are killing it. Where is this article? I disagree with the price and so does everyone has you can see. It has also been beaten down by the Barclay article it left the door wide open for shorters to destroy this company.
While we're down here I hope this gap fills so we can get moving in the right direction
Most all buying at the bid not making the chart look good at all. I know a lot of people are exiting every ones screaming its going to fall to a dollar on other boards.
People who are short are causing panic on stocktwits unreal! Would be nice to get some news today would be perfect timing but highly doubtful.
They don't watch the stock daily or worry about every tick they are attempting to get this company on the right track.
Oil is down today expect a down day unless some miracle happens.
Should be up next week according to the charts. Lets hope it doesn't completely breakdown there is that risk. Energy stock= volatility and much manipulation with oil prices.
Paragraph 2 on this page is very interting it explains UPL's situation..,
The effects of hedge fund presence on the equity committee, reported in
Table VI, share similarities to, as well as exhibit differences from, those related
to their presence on unsecured creditors committee. Similar to their creditor
counterparts, hedge fund equity holders are just as vigilant in pushing out
failed CEOs. The effect is significant in both the simple probit model and
the instrumented model, indicating that hedge funds constitute a strong force
ousting CEOs of underperforming companies. Moreover, as in the case for hedge
fund creditors, the exogeneity of hedge fund presence on the equity committee
is rejected at the 1% level in favor of a negative selection (? < 0), that is, hedge
fund shareholders target companies with more entrenched management. This
evidence is consistent with the findings of Brav et al. (2008), who show that
managerial entrenchment invites activism and that the CEO turnover rate
among firms targeted by activist hedge funds doubles the normal level.
Equity holders in bankrupt firms seldom receive payoffs if the firm is liquidated.
Hence, hedge fund equity holders should target firms that are more
likely to survive and should exert their influence to favor emergence. Table
IV shows that hedge funds are more likely to have a presence on the equity
committee in firms with lower leverage and higher profitability; such evidence
suggests firm-picking by the hedge funds. Table VI confirms that the coefficient
on HFEquityCommittee is indeed positive in the outcome equation for Emerge.
Importantly, the coefficient is significant (at the 10% level) in the instrumented
model, which is also supportive of a causal relation.
The ultimate payoff to hedge fund equity holders can be summarized by
the variable DistEquity, which indicates the occurrence of a distribution to
existing shareholders and happens in 21% of the cases. Hedge fund presence
on the equity committee is associated with a 43 percentage point increase in
the probability of a positive distribution to existing equity holders, controlling
for firm and case characteristics. The effect is rendered insignificant when
the instrumented model is employed. Similarly, the log-likelihood ratio test
rejects the exogeneity of hedge fund participation at the 5% level in favor of
a positive selection. Together these results offer strong evidence in support of
hedge funds’ ability to pick stocks of distressed firms with better prospects for
existing shareholders, but offer less evidence for hedge funds’ activist role in
making the distribution happen.
We next make two refinements to the analysis on emergence and distribution
to equity holders. First, we collect information on the stated purpose in Item 4
of Schedule 13D filings by hedge funds in the bankrupt firms. It turns out that
in 21 of the 50 Schedule 13D filings both before and during Chapter 11, hedge
funds state that influencing the restructuring process is their goal, suggesting
a strong activist bias in hedge funds’ investment in distressed firms. When
we include an indicator variable for the stated goal in the probit regression
to explain emergence (results are reported in the Internet Appendix), the new
variable is positively associated with the likelihood of emergence (significant at
the 10% level). Moreover, the marginal effect associated with this new indicator
variable is close to 20 percentage points, which is economically significant as
compared to the sample average emergence frequency of 60%.
https://www.managedfunds.org/wp-content/uploads/2012/05/HedgeFundsAndChapter11.pdf
I am lost on this it really makes no sense, he now has voting rights in a BK company but that is what he specialized in so he knows it has value.
I just wonder if this isn't the start of a takeover does this make any sense to anyone? I can't see him investing over 5 million dollars if he doesn't have a plan of some sort.
What are your thoughts on this? I am not sure how to take it or exactly what to make of it. He has to be in it to make money he has common shares like any other shareholder. But where does he go from here?
Cole, 43, will open Warlander Asset Management next year to invest in global credit, according to a person with knowledge of the matter who asked not to be identified because the information is private. Alex Ginzburg, who has been working as a partner at MatlinPatterson Global Advisers, will also help to start the New York-based firm as head of research.
Tepper, who founded $20 billion Appaloosa in 1993, has provided some of his top money managers with capital to start their own firms as a way to continue profiting from stars even after they depart. This is the first time he’s taken a stake in the business by providing so-called seed capital, the person said.
Cole and Tepper didn’t return calls for comment. Ginzburg declined to comment as did a spokesman for Appaloosa.
Cole joined Short Hills, New Jersey-based Appaloosa in 2010 as a partner after running Morgan Stanley’s distressed sales, trading and research operation. Before that, he had a similar role at Bear Stearns Cos., where he worked alongside Ginzburg.
Warlander is gearing up to raise money as institutional investors look to back a new generation of managers that have worked for the some of the most established firms in the hedge-fund industry. Cole is preparing to take advantage of distressed opportunities that may arise in the wake of an era of record-low yields, which has prompted governments and companies to sell record amounts of debt.
Last year Tepper invested in Alder Hill Management, led by former employee Eric Yip and former CQS distressed debt head Mark Unferth. He also backed Incline Global Management, which trades stocks and credits, at its inception in 2012. The prior year the Appaloosa founder was an initial investor in Nokota Management, led by former Appaloosa senior analyst Matthew Knauer and ex-Viking Global Investors analyst Mina Faltas.
We know that he didn't buy this if there is no value. I am trying to find purchase price I believe it was .3108. Not sure what his intentions are with this could be a huge upside for shareholders. He just started on his own and I am sure he wouldn't want to fail he must have big plans here
This is who bought the shares.., Appaloosa Management’s Eric Cole is planning to start a hedge fund with the backing of his billionaire boss David Tepper.
It appears his business name is Warlander Asset Management, LP
These are Not restricted shares Investment adviser in accordance with Rule 13d-1 Common Shares, without par value (the " Common Shares ").
17 million shares.
To me he sees value in this company in a big way to purchase that many shares. This looks to be a straight forward purchase. Question I have is could he be planning a takeover of UPL? I believe he has 11.7% of the O/S shares Wow! Not to mention Tepper is backing him
You are very welcome. I am in at 6 so believe me I have had my stomach fall out a few times.
I bought this at 2.30 my emotions got in the way I sold @ 2.20 within a week it ran 150% +. I swore I wouldn't do that again and when I held it dropped like a hot rock.., just my luck!
I believe it will recover, just not sure exactly when. I have an exit and will stick to it when it does go up. I am right here through this so you are not alone in this mess.
What do you think of the sc 13g filing today? Over 11% of the shares bought in open market. No group would buy that many shares expecting the news would be bad. Think this is going to surprise many people.
It is extremely confusing with shorts options puts and calls. They are keeping this down, why I have no idea?
Even with good news they twist it to the point it backfires and drops us further. Yesterday an article came out from Alpha and they did a report on 4 or 5 stocks one being CHK making it look bad and another was CRK a stock they happen to be long on they made look good, they all have agendas thats for sure.
Now I do know one of the people who shorts is extremely bullish all the way through next week into the meeting, for what its worth.
I have faith in this company and know that they are pulling out all stops to be profitable again. Would love to catch shorts with some meaty good news and I have a good feeling our day will come soon, the company is not going to roll over they will fight like they are right now!
I am giving them time to get this worked out and so far they are putting forth a good effort that I believe will pay off.
Big buyers are here now..,
I appreciate all of your excellent DD. I see so many people shorting this hopefully some good news will come and they will get caught in a trap. Huge bid support people are accumulating
Here is a post on Stocktwits.., Almost everyone on that board is shorting this. I sure hope they get caught in a run this stock has to a beating it didn't deserve.
piojo
$CHK am shorting 5000 stocks and will cover @3.80 Bearish
BB's on 5 minute chart could not get any tighter! Gonna pop one way or another real soon
"Why Natural Gas may double in 2016"
http://oilprice.com/Energy/Energy-General/Why-Natural-Gas-Prices-Could-Double-From-Here.html
Keep in mind there is much uncertainty right now so don't let anyone influence you if you don't have time to wait and you are up do whats right for you. The past 2 days have been brutally painful. Good luck to us all!
Oh God! I am not going to sit here and argue over this you have no idea how shorting works I am done with this conversation Now!
Yes shorts can make it rise. With that in mind they can crush it too when you have an article coming out trashing the stock the timing is perfect to crush it and cover low.
They sell it high and buy back low it doesn't always work that way. The article was put out to crush this stock and it worked they were worried it was going to go above the highs and they couldn't afford to cover they want to buy it low to cover Not high. Its a risk they take and it paid off with that article and the day before they were saying buy so people would buy while they were shorting it.
They know exactly what they were doing. They do not sell it to short it to make it run up to cover it that would be stupid.
Nothing but good things in this article.., read it and then here comes the one the day of earnings. Talk about blatant manipulation seems this should be criminal
(Chesapeake shares will sharply outperform the E&P group this morning.)
http://blogs.barrons.com/stockstowatchtoday/2016/05/05/chesapeake-energy-out-of-the-woods-after-earnings/
then heres the next one the next day..,
(Stating worth only a dollar coincidence? Highly doubtful)
http://blogs.barrons.com/stockstowatchtoday/2016/05/06/chesapeake-energy-worth-just-1/
"Jim Cramer marked the sixth anniversary of the Flash Crash with a stark reality check nothing has changed." This is very interesting and shows in the beginning the short sellers running the stock of P&G 6 years ago. The SEC needs to start regulating this
http://finance.yahoo.com/video/cramer-memo-sec-start-doing-221500534.html
I gambled on another one I wasn't talking about this one
I wish I averaged down when it hit .13 the day of BK. I'd being doing real good right now
Oh definitively down today across the board for oil this one has a short position on it which helps a lot its a shame oil went down or this would be much higher. I got in at .40 before BK just in case of a miracle. I am holding through the BK I don't have much so I feel comfortable and believe once complete this will be in great shape.
They drive the price up when they are shorting it Not down. They drive it down to cover unless news comes out then they must cover and it goes up quicker this is called a "short Squeeze."
I mean you said it goes down when they short it why would they sell it cheap and cover higher?
oil down today didn't help
I'm not here to argue with you.., I said it started at .13 and went back to .40 amazing how ignorant people are about shorts and what they do to stocks i guess all the reports on them and the count and % doesn't matter, purely stupid. It doesn't matter how bad a sector does there are shorts daily on them. In fact this stock was shorted 131,925,248 shares on 4/15/16
http://www.wsj.com/mdc/public/page/2_3062-nyseshort-highlites.html Go tell them it doesn't exist
After earning was actually above the estimate Barclay put out an article stating is was only worth $1. Clearly manipulation to cover short positions. Someone who is shorting this posted a weekly chart like this one he advised people to proceed with caution look at the 3 weeks up and 3 weeks down 3 weeks up and one more red candle should be the turning point to recovery. I really believe the gap at 3.76 needs to fill and then it should be a go..,
Be glad you didn't buy in sooner I am way down right now. Wish I sold at 7 the other day or even when it hit 5.80. I am hoping its going to reverse real soon might close the gap tomorrow the charts not looking very good at all
They did have one R/S last year, I agree they don't need to do another one. Instead of toxic debt they issue shares for payment for instance when they bought MTI or whatever the name is. I am sure some extra shares will be hitting but the float is still so low. Now they should be set and ready to go with the right news this one is poised for blast off.