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Looks like a nice hook reversal with good MACD indication. Possible inverted head and shoulders.
Dude, many thanks for the lesson. Kudos and much respect to you!
Secret Service code word for Ronald Reagan. https://www.rd.com/culture/clever-secret-service-code-name/
Rawhide is out of DGAZ and entering UGAZ according to his most recent comments.
That is why I am here, and am counting on that to play out I just hope it does not take too long because of the decay in UGAZ. Added some more down here @9.54. Goldman Sachs orders are at 8.95 today according the level 2 I just looked at.
Coal went up 5% today. So what about UGAZ? See the video
...and MM GSCO, Goldman Sachs.
As they say where I am from, “if you don’t like the weather, just wait a minute”. Backed up the truck @ $13.05-$13.20.
Got some 14’s but need this thing to go up. This is a crazy train
Where do you think the best re-entry is likely to be, we've fallen through the support I thought would hold and the uptrend is broken. I see a small gap down at $2.48 from Oct 29 on the December nat gas chart. Do you think that will fill? I can sure see why, with your experience, you call this a Widow Maker.
Chief Executive Officer Doug Lawler commented, "Chesapeake continues to strongly believe our current capital and operating program, coupled with the planned 30% reduction in capital expenditures in 2020, will strengthen the financial position of the company for the long term. We have substantial liquidity with no significant near-term maturities. We continue to pursue strategic levers to reduce debt, including asset sales, capital markets transactions, and focus on cost discipline. Additionally, we are de-risking our cashflows through our hedging program and remain confident in our long-term liquidity."
https://www.prnewswire.com/news-releases/chesapeake-energy-comments-on-market-volatility-300956991.html
I'm in, and agree with you, chart is making a fish hook reversal pattern, way oversold as is natural gas. Investment money has dried up for many producers, so the supply side of the equation should begin to weaken and we are headed into a winter that farmer's almanac says will be harsh. Reports from earlier in the year also say there is polar vortex potential this winter so I think the chances of an uptrend are better than average from here...from better gas prices which are really low right now (UGAZ is really low now), and from oil revenue as a result of adjustments made in the portfolio.
https://finance.yahoo.com/m/e23361f1-c2cb-3123-a060-db8c85e722bb/chesapeake-stock-falls-to.html
Chesapeake in financial trouble. Financial resources for dry gas producers are drying up for a lot of these companies at these low prices. Investors are becoming a lot more cautious. Chapter 11 will mean that many of the claims will be reduced or voided, depending on the sort of debt that is owed to a particular creditor.
Congrats, it looks like you got your wish!
No doubt! NOAA lost a lot of credibility with me when it came out that they fudged historical temperature data to support the political agenda of those who want more taxation and regulation because of global warming and the Paris Climate Accord, which I think is a scam. Here is why...the "greenhouse gases", primarily C02 now comprise 0.4%, that is four parts per thousand as the concentration in the atmosphere. Those concentrations were 20 times higher at the onset of the last major ice age over 10000 years ago. The earth was warmer when Christ walked the earth than it is now. Celestial mechanics and volcanic activity has a lot more to do with our climate than mankind. A tax to enslave all the people of the earth under one-world government will not fix it.
I added a little in the swoon yesterday, and have some really low open orders in, which I hope will fill.
Yes, FX forecast say we will know in the noon forecast whether or not the uptrend will sustain; whether this was just a technical bounce or if there are fundamentals to support a continued uptrend.
https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-daily-forecast-testing-critical-retracement-zone-at-2-647-to-2-585-612347
Yep. Already set my sell order days ago. https://www.fxempire.com/forecasts/article/natural-gas-price-prediction-prices-surge-as-hedge-funds-continue-to-cover-610565
Looks like $19.20 is being established as support level after gapping up in pre-market. It will be an interesting day today.
Really good information, many thanks. Short interest is 363% higher than a year ago at 22%.
When do we expect to hear from SCOTUS on whether or not they accept the appeal?
Sold some and bought some today. Cost basis is now $14.11 standing pat to see what unfolds. Really appreciate your knowledge. I've followed you for a while. You know your stuff!
So what do you think now? Nice rise since mic October huh?
He has made even more poor choices in how he responded to Foster also, but fact is, what he said is true of every public company with shareholders. Common shareholders get wiped out when companies become insolvent and go bankrupt with no shareholder equity. Recent case in point, look at Cobalt Energy and any number of independent oil & gas or service companies over the last 4 years. Common shareholders investment is at risk, but in return they should benefit instead of the government as has been happening here. A public company can go bankrupt and not wipe out shareholders if there is shareholder equity...recent examples that come to mind for that are Chemtura and Tronox. As shareholders, we need to get our equity back one way or another, the sweep and confiscation of it by the government without due process is unconstitutional.
Dividend at $0.25 payable in Nov declared today. That is 26% annualized if paid all four quarters at this share price.
Outstanding questions for Mr. Calabria to respond publically
Good number of insider buys over the last few day. This was really oversold and may be about to run again, but for real this time.
I’m good Catdaddy! We did make quite a haul back in the day. Watching the setup here looking for the right indicators to get back in and making a little in some other stocks and ETF’s. We’re out in the Bula, TX metroplex this week checking on family.
Glad to hear your great grandchild is doing better. Your brother might want to read up on an enzyme called AMPK. I had a boss that I loved who died of cornary artery disease while in Bolivia for work. He never knew he had a problem. GLTU
Really big volume too, a great indicator that this was the bottom.
I've been in it since 2011, just not much time for posting.
They've had 3 weeks, and did nothing but impeach him. They are do nothing. Time to release or uplist and shake them up.
Today is the day of the Bush Tarp action. Note the comments about how "it" made taxpayers money, when the funds were actually stolen from us, the shareholders of FNMA and FMCC
https://www.benzinga.com/general/education/19/10/12450110/this-day-in-market-history-the-700b-tarp-bailout
It is the same as Jeddiemack said. The response to the enbanc ruling is just a parlor trick, a sleight of hand.