as mentioned on Friday, the MM's would not miss the opportunity to take it below 2.20 and take out LOTS of stops. IMO this is what caused the drop and then panic selling. If something significant was really going on, would be much more volume. I believe will recover when peeps realize nothing much has changed.

think he must have been referring to his IQ...lol

chk $9 suspendable??

break of 2.20 going to trigger lot of stops...mm's won't miss the opportunity IMO

thanks for the intelligent response....something lacking here most often

agree...this has been a painful trade that turned into an investment for me. Luckily had enough resources to keep lowering my cost average over the last year. I do think the sector (this stock included) will recover nicely, although I don't think we will see $100 POO again anytime in the near future. Everything goes in cycles...just have to have patience.

good luck on your trading.

CHK $9 undeniable???

LOL..you know the inventory numbers come out weekly, right?

$9 attributable?

still sure? LOL

$9 Sustainable?

ever heard of market trends?? ups, downs, cycles?

why would you think the energy sector is different than any other? You are essentially saying that because it went down, it will never go back up. Makes no sense.

good luck on your short....looks like you will be needing it if you don't cover soon. chart is beginning to show higher lows with solid support at the 3.50 level.

http://stockcharts.com/h-sc/ui?s=CHK&p=D&b=5&g=0&id=p18065788099

my bet is you will be happy with those

just thought it was a pretty silly comment (like many of yours are) to say that $4 is the top when the stock was over $5 3 or 4 months ago. I have attached a chart here for review.

http://stockcharts.com/h-sc/ui?s=CHK&p=D&b=5&g=0&id=p38955974677

wow...so you think $4 is the very top?

Bear trap???

who was it that said you can't use technicals on this stock? look at where she closed today? Anyone see why? LOLO

http://stockcharts.com/h-sc/ui?s=FNMA&p=D&b=5&g=0&id=p50438730060

wowsa....nothing better than the smell of burnt shorts in the morning! lol

really? why? what makes you think so?

maybe earnings leaked and they not so bad

400k share buy just went through...wowsa

lol...stocks go down, they also go up, and then sometimes they don't do either! I think Confucius said so

LOl..thanks for chiming in captain obvious!

yeah...momo/sentiment is definitely not with this stock right now. They do have balance sheet issues but they have been consistently improving on them. They beat on bottom but missed on top and are getting punished again...just like last quarter. This will definitely be a Cinderella story if/when it turns around. Me thinks 2018 will be turn around year.

http://stockcharts.com/h-sc/ui?s=CHK&p=D&b=5&g=0&id=p91722002117

ok I will bite....just because you don't understand something doesn't make it invalid. I suppose you think half of the analysts on Wall Street are stupid and don't know what they are doing by looking at charts? LMAO....you should just invest how you invest and let others do the same.

LOL

yep...doubled my position yesterday morning...JCP not going anywhere

hey Crusie! good to see you still here. what is the plan for now? you buying? selling? looking for a certain entry? with all your insight, I wonder what you are thinking with CHK...thanks!

why do we care about RadioShack on the JCP board?

Fannie going 'UP' during power hour on a FRiday?????

Now THAT is news!

google...it was just for fun. the whole mm signal thing is BS IMO. but a few minutes ago a whole string of 300 share trades went through.

LOL...I know right!!!

if you're watching time and sales: :O
'

Market Maker Signals on Level ll

100 - I need shares.
200 - I need shares badly,but do not take the stock down.
300 - Take the price down so I can load shares
400 - Keep trading it sideways.
500 - Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.
505 - Short on Shares
911 - Pending News

hmmm..strange. so why spend time posting here? you hoping to talk down the price for an entry? you know JCP not on the OTC right? :O

so you are not short?

no worries. guess I just took wrong then. I am guessing from your posts you are short. AT what point would you cover? hard double bottom, low rsi, and bottom of bollies doesn't make you nervous?

LOL..thanks but I don't need your advice to trade my plan. You are foolish if you don't think you can trade off techs....lmao

welp, I guess you guys can argue the fundies all you want..but I like the tech setup here. Been watching this one for months waiting for right time. We had a nice big double bottom around the 3.50 area. I pulled the trigger today as I think this can see 4.00 again in short order.

GLTA longs!

http://stockcharts.com/h-sc/ui?s=JCP&p=D&b=5&g=0&id=p89105021227

I guess it is time for another refresher:

lol! got pretty close. just play the trends my friend...you can make it back. it's called trading!

you didn't buy more down there?