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I just copied this from my trading platform.
bid 3.74 ask 3.75 bid size 169 x ask size 370
The ask size if fake to cause you to sell you shares for the bid price. The is manipulation in its simplest form! This has been going on all afternoon.
girlfriend, feels more like the market maker trying to manipulate some shares at a cheap price so he can sell them later when price works back up. I was hoping this was over but I guess not.
I'm thinking of cutting my position and just day trade this stock till it reaches normal volume. I got far too many shares for a stock being manipulated all the time
I wrote Doug Lawler an email and told him about Barclays. He presented at a Barclays energy conference and then they came out with the $1 dollar share estimate. I told him what a hell of a way to slap him in the face. I asked him if Barclays was CHK market maker. I told him he better get rid of them or they would destroy Chesapeake and he'd get blamed for it.
Maybe I get a reply but I doubt it.
By the way,Barclays is the market maker and adviser to Alcoa. They are down from $11 to $9 and moving on down. Barclays will destroy AA.
This could be a force sale or manipulation. This is not an average share holder selling his position. There is no other reason to push shares on to a falling market at noon. The shares are being pushed too fast just to force the price down.
Lots of times a big buyer will step up and start out selling short to cause fear in longs. Then they start buying back and hour later hoping to clear there short and buy a lot of shares at a cheaper price.
They did the same thing yesterday. Run the price down to $6.60 and then ran it back to $6.85.
This is the same thing they did for a month with SWN. Up and down like a yo yo. Then they moved on.
Let it play out. Buy if you have any dry powder. I just picked up another 10K.
NatGas is up to 2.06 WTI and Brent are holding. There is no bad news. This is just stock trading in a volatile market.
The United States has to protect its domestic oil industry and should make no apologies for being one of the world's largest energy consumers, Republican presidential hopeful Donald Trump's new energy adviser said Thursday.
Rep. Kevin Cramer, North Dakota's sole member of the House of Representatives and a self-proclaimed climate skeptic, wants a congressional commission to investigate the Organization of Petroleum Exporting Countries — the Saudi Arabia-dominated cartel that drove prices down from more than $100 a barrel to the mid-40s today. Cramer said the fracking boom that made his state the No. 2 oil producer in the country is surviving the nearly 2-year-old crash in oil prices, and he told a Washington conference Thursday morning that the Saudis "probably regret picking this battle."
"The cartel thought they could drive North Dakota out of the business long ago by lowering prices," Cramer said. But he said his home-state producers adapted by cutting prices and speeding up production, and launching an investigation of OPEC "sends the message that you're not going to get by with collusion or monopoly tactics."
Saudi Arabia and OPEC are both screwed. Trump will slap a 30% import tax on all OPEC crude and cartel is FINISHED! Every member of the cartel will abandon OPEC and the Saudis can go to hell. They made the worst mistake that could have possibly made by trying to put the US oil industry out of business. Good... they deserve whatever comes to them.
This explains why you don't hear much bull from them anymore. They know their goose is cooked.
Make sure you vote for Donald Trump.
7.5 million shares first hour... on target for 30 million total shares for the day. The majors are holding which is a good sign.
The stock is also moving down a little on lower oil price. There's likely a lot of day traders playing this stock because of it's strong volume.
I'm holding 80K and watching tic by tic. It looks like the buyers are forcing to sellers to come down to them with their ask price. This is typical. We got almost 5 Million sold in 30 minutes. I just hope the volume stay up.
The buy side numbers are weaker than the sell side numbers. But if the marker maker is handle the buying, he will artificially inflate the sell side numbers to cause sellers to dump at the bid price. Every market maker plays with the bid and ask numbers trying to stimulate sales in the direction where he ears a bigger commission.
The price will move up when the sellers at a certain level dry up. Looks like the sellers are getting thin at $3.90 so I expect the price to move up to $4 around 1.00 pm and maybe $4.25 by close.
But this is just a guess based on years of watching tic by tic.
Sure glad I didn't dump out yesterday. I came close but decided at the last minute to buy more instead of sell. My key was the low volume and the slow down in transactions. We ended the day with 31.5 million shares, still over 15 million shares below normal volume.
But I did like the way it traded all day. I would guess the buyer started out selling short, running the price down to scare share holders. Then he started buying. But he would drop the bid every so often and make the sellers chase him down. Looked like a market maker was given the task to buy millions of shares. He did the job like a pro!
I think we are gonna to see more days like yesterday only with more volume.
I also think somebody is shorting oil and gas in premarket again just to scare out some shares.
Is seeking alfa trying to manipulate the market?
They published an article about NatGas demand and prices: link
I posted a messages saying the hottest summer was coming based on an article by Scientific American. link
That's all I said!
They deleted my post saying it was off topic. How much closer to the price and demand of NatGas can you get with a post that a heat wave in on the way?
Me thinks they are trying to manipulate? There is so much garbage on the Internet. The challenge is extracting the truth.
Funny thing also is that the coming of the hottest summer on record has failed to attract the attention of Bloomberg's TV. You would think such news would be blast all over Bloombergs.
More manipulators at work. I just wish I had time to start a stock website or discussion group. I'd called it; Truth for Stock Investors. I'd expose every crooked turn in the stock market. I'd never run out of news.
The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 73 billion cubic feet for the week ending May 13. Analysts were expecting a storage addition of around 78 billion cubic feet. The five-year average for the week is an injection of around 91 billion cubic feet, and last year’s storage addition for the week totaled 98 billion cubic feet. Natural gas inventories rose by 56 billion cubic feet in the week ending May 6.
Natural gas futures for June delivery traded flat in advance of the EIA’s report, at around $2.00 per million BTUs, and traded unchanged shortly after the data release.
The reason it did not spike in price was because this is a shoulder month in which demand is driven by the weather.
The weather is nutural for gas demand. This would be great time to buy UNG under $6.60 but be prepared to hold on any dips. June is when NatGas demand will increase. I think USO will be $7.25 by mid-July
Saudis cut back to 9 million barrels a day because they are afraid that too much pumping from their wells will harm overall production. They are also offering IOUs to oil service companies that will work their fields. They are out of cash.
They really screwed themselves. They know it but don't have the humility to admitted it. They are like a lot governments---never admit a mistake.
I think Trump will place a duty of OPEC imports and put OPEC out of business. If not, I think other OPEC countries will leave OPEC or kick the Saudis out. This new king is obviously an idiot! The Saudis should return to being a swing producers and let oil run back up to above $100.
That they will return to the old ways is highly possible because life in Saudi Arabia was mush better on everyone. The world economy could even become robust again!.
Insdiiou$, I think you're missing the point. Yes, Earth has had many climate change in the past without help from humanity. The evidence is in tree rings, layers of ice in glaciers, ocean sediments, coral reefs, and layers of sedimentary rocks. For example, bubbles of air in glacial ice trap tiny samples of Earth’s atmosphere, giving scientists a history of greenhouse gases that stretches back more than 800,000 years.
While global warming has happened at various times in the past two million years, it has taken the planet about 5,000 years to warm 5 degrees.
The predicted rate of warming for the next 100 years is at least 20 times faster.
The summer of 2016 is predicted to be the hottest summer on record! This is based on the increase in temperature over the last few years. For example, we all know that last winter was the warmest winter on record. El Nino played a major role but we have had many El Nino patterns before and never hit a record warmth.
The point you miss is not why the temperature is going up, but that it is increasing fast and this will cause NatGas demand to soar this summer. Humidity is expected to be high because La Nina brings rain in the summer and snow in the winter. So, this summer will be hot and humid and electric demand will soar increasing NatGas demand which will boost the share price of CHK. The winner will be cold and damp with lost of snow.
Mexico will be so hot that you will be able to fry taco shells on the sidewalk. Power demand will soar and all the pipelines to Mexico will be flowing at maximum.
This heat wave will be global so NatGas demand will spike all over the World.
LNG exports will also increase.
ON top of this, there will be an increase in the number of category 5 hurricanes hitting the Gulf of Mexico and the Atlantic. Big hurricanes can disrupt NatGas production and cause major spikes in prices.
The positive signs for Chesapeake are going through the roof. Investors that don't load the wagon to the axles at current cheap prices are simply insane. I have never in 30+ years of trading oil and gas stocks seen a more likely winner than CHK.
But do your own research! Don't follow an old fool like me!
Oil and gas prices both moving up!
2016 Hottest Year on Record Per Scientific American, the most respected science journal in the world!
http://www.scientificamerican.com/article/99-percent-chance-2016-will-be-the-hottest-year-on-record/
NatGas futures have turned green because the build in storage was less than expected. EIA Natural Gas Inventory: +73 Bcf vs. +78 Bcf consensus.
CHK selling has slowed down drastically. I doubt now that we will even reach an average day. Glad I did not dump out but I sure was close.
It also appears that the buyers are making the sellers come down to them. They are not chasing shares up to a higher price. This tends to discourage sellers that are not desperate. I fell like a lot of the sellers will change their mind and might decide to hold or even buy back what they sold.
If the sellers pull back or dry up, then we will see a nice move up.
This really looks like the end of the sell off and a return to normal selling. I sure hope so.
Saudi Oil Stockpiles Hit 18-Month Low in March as Output Capped
http://www.bloomberg.com/news/articles/2016-05-18/saudi-oil-stockpiles-hit-18-month-low-in-march-as-output-capped
girlfriend, I know I said I would sell, but I started to think that a lot of share holders are in CHK at $3.50. The guys want out with a little profit. Let them get out of the way and stock could rise. Besides, the volume slowed down a lot indicating that this was not a major sell off. Sellers started slowly down the shares they offered as the price got cheaper signaling that they had a limit to how cheap they would sell. I changed my mind at the last minute and hit the buy button.
We are at 10 million for the first hour. If volumes slows from here, we will end the day with lower than averages.
Both crude and NatGas are holding so I see no reason to give up yet.
This might just be the turn around we been looking for. What the hell, its only money anyway.
We are going into the hottest summer in a hundred years. We will have many more named storms hitting coast and a bitter winter with a lot of snow. NatGas demand will be higher this year than ever before. You be looking at $3.50 in January, 2017. Maybe even $4.00
I added 20K @ $3.60
There is one thing to consider. There are lots shares purchased sometime ago in the same range as we are now. Sellers dumping at no loss is not so bad. It did dip below 5% before before I got a sell order in, it moved back up.
Let me say this a different way. There are a lot of institutions that are prohibited from riding a stock down too far by their charter. So some selling show be expected at these numbers.
WE just need to watch tic by tic.
I posted that I will stay long if the volume does not rise. Price moves are confirm only by volume. If the volume is high and the price drops %5, that's my signal to run. We are almost there right now so my finger is on the sell button.
2.6 million shares in first 10 minutes. Now we got volume from both buyers and sellers. I don't think we will move up too fast because the buyers will not press the sellers too quickly.
If the volume keeps up... the results will send a clear buy or sell signal.
I will gain 5% on high volume then we have a winner here. If we loss 5% then I am gone.
Should CHK bounce up and down on minor changes in oil and gas prices? I really don't think so. WTI is $47.43 right now. It will bounce back and forth $1 all year long and in the end not affect Chesapeake's bottom line. I might even bounce up $2 today on good news. But the price of the stock does not move too much on an increase compared to hos it moves if the price drops. It most day traders churning, trying to make a few cents on each trade.
On the other hand, a fall of 10% might impact in a big way.
Oil could snap back bigger and badder than ever
http://oilpro.com/links/31767/oil-could-snap-back-bigger-and-badder-than-ever
This is not Dinar board. Take this some conversation else where!
crude down on rising dollar. The FED said it MIGHT POSSIBLY MAYBE SLIGHT CHANCE raise rates 1/4 point in June. Big friggin deal.... the market is just looking for reasons churn stocks because that is how Wall Street makes money. No churn and the cash register does not ring!
Hitler wrote that propaganda worked only when one or two points were repeated over and over and over and over again. So you will hear Bloombergs repeat all day long that rates will rise in June. But you will not hear 1/4 point.
Propaganda is the same with CHK. Rumors have to be repeated over and over and the stock has to bounce around or the marker maker does not get a chance to steal from the traders.
Stock traders are like puppets on a string. The puppet masters jiggle us up and down and all around.
CHK ended the day down 8 cents on 27,082,227 shares traded. This is less than 60% of average volume. Price increase or decrease is only confirmed by increases in volume,not decreases.
The same manipulation that has been going on is still with us. But in order for the manipulator to make money, the price has to come up so they can clear their shorts at a profit.
But because oil is down today on the dollar rise, the manipulator will try to run CHK down a little lower. The problem for them is that the price is getting so damn cheap that institutions are attracted and will likely be buying. Some of the majors might jump on the shares and really damage the manipulator. I think we are at a danger point for anyone to play around with CHK. Just keep in mind that the price has to rise for the manipulator to make money!
Just me opinion; do you own research.
Global Warming is not a scam as evidenced by the warmest winter on record. The trend to hotter times continues as NASA announces the hottest April since records were kept. Scientific American, a trusted journal, backs up NASA by saying there is 99% chance that 2016 will be hottest summer ever!
http://www.scientificamerican.com/article/99-percent-chance-2016-will-be-the-hottest-year-on-record/
The heat will not be the only problem -- humidity will skyrocket and air conditioning with run around the clock.
Mexico imports a lot of NatGas from the US to fire their electric generation plants. They have very little storage so they can't stockpile. Imports will reach the maximum capacity of the pipeline in a few months. Natural gas fired electric demand will soar to the moon all around the globe.
Dirty Coal has to come to a searching halt. Clean burning NatGas is the only answer for the next 20 years until solar and wind can take over.
In August 2016, the current El Niño will give way to La Niña, according to Bill Kirk, CEO of Weather Trends International (WTI). This means a hot summer will heightened Atlantic Ocean hurricane season, followed by a brutally cold winter with snow 5-6 feet deep.
Weather conditions seem destined to play the leading role in oil and natural gas market conditions over the months ahead.
To thinks will happen to Chesapeake Energy: (1) Share prices will soar to $30 and the company will return to its days as the #1 NatGas producer in the US, or (#2) Some big outfit like General Electric Oil and Gas Division or one of the major energy players will take them over for a likely price of $20 share.
The stock is now selling for $3.90 -- a frigging steal. Why so low? Four reasons: (1) This is May when a lot investor simply go away, (2) a lot of stupid shorts are betting NatGas will be oversupplied this summer, (3) the stock has been under illegal manipulation, and (4) the company owes a lot of money due to the warm winter brought on by El Nino.
Private conversations about other stocks should be send as private messages. We only discuss CHK here! Don't cluttering up this board with off topic conversations. Stay on Chesapeake Energy.
Moderator
2016 to be hottest year yet as April smashes records!
Read it for yourself!
http://edition.cnn.com/2016/05/16/world/climate-change-april-hottest-month/
NatGas will start moving up within the hour as soon as the news spreads. Chesapeake will become a hot selling stock and climb to $30 by January 2018.
Mexico's imports will soar. Mexico will be one of the hottest place on Earth!
April hottest on record globally – and the seventh month in a row to have broken global temperature records.
NatGas demand will soar!
The latest figures smashed the previous record for April by the largest margin ever recorded.
It makes three months in a row that the monthly record has been broken by the largest margin ever, and seven months in a row that are at least 1C above the 1951-80 mean for that month. When the string of record-smashing months started in February, scientists began talking about a “climate emergency”.
Figures released by Nasa over the weekend show the global temperature of land and sea was 1.11C warmer in April than the average temperature for April during the period 1951-1980.
This will be the hottest most humid summer on Record. Electric demand will be sky high pushing NagGas demand to the highest ever.
This winter will be bitter cold with more snow than we've seen in 20 years!
http://www.theguardian.com/environment/2016/may/16/april-third-month-in-row-to-break-global-temperature-records
browland1, your wrong man. I just picked up another 10K. You got to look at damned volume! We are at 14 million shares and its already 1 PM. I doubt if we hit 20 million shares. You got shorts running it down on dropping NatGas prices. The sell off in gas is way overdone. This will turn soon.
girlfriend, I also day trade. You might be calm and collected and have it all together, but I'm not like you. I'm obsessed. I got to do what I do or I'd go crazy. The way I see things, there are a lot that can go wrong.
I recall back in 1998, I took my wife to Disney Land in Orlando. We were going to have a fun day. We walked past a pay phone as we walked through the gate. I decided to call my broker. One of my oil stocks had just dropped $35,000. Oh boy, I had the most miserable day trying to smile so my wife could enjoy herself. I've had several days when I've lost enough money to make a grown man cry. I've also been stopped out using stop losses only to have the stock finish the day up 10%.
Right now, NatGas is down 4 cents all because investors are predicting that storage will increase over the next week. I'm down $7200.00 on gas alone. This sucks. I have to ride it out because I don't believe the rumors. I think NatGas will hit $4.00 in January 2018.
I also enjoy what I do....
girlfriend, I'm nervous because the oil and gas market is volatile. I'm also deep into this stock and trying to get a little deeper. I will not be able to relax until I'm up $20K. Then I will put in stop losses and take a long break. When you bet like I do, you watch every tic with your finger on the sell button.
I'm also concerned when a stock stops moving one way and does a complete twists. CHK is trading strange today. We know it was manipulated for at least a week. It also ran up great in the morning and trace back down to end the day about where it started. But it suddenly stop today. Why? Maybe the Manipulator got caught? Or maybe he's setting in the weeds ready to pounce at any moment?
You have to be alert at all times. For example, crude inventories increased and crude dived. Then they announced that gasoline inventories dropped and crude moved back up. You got to watch this stuff all the time.
And just as I am writing NatGas made a steep move up. I'm deep in NatGas too. Very volatile. They call it a widow marker because it moves so crazy and fast.
I believe both NatGas (UNG) and Chesapeake (CHK) will payoff in a big way by January 2018. But you can't buy anything today and walk away.
Now crude in moving down again and so is CHK. Always something to worry about. Gota go now and see if I can pick up some more cheap shares.
Thanks for inquiring and happy trading.
Just thinking.... If the price don't run up 3% to 5%, the manipulator can't clear his short at a profit. If he can't clear at a profit, he's gonna have to dig deeper to come up with money to short CHK.
Or, maybe he pulled out yesterday?
Anyway, Chesapeake looks like it is trading normal. Its much better to ease up a little each day instead of popping high and falling back to the start of the day.
This has got to be the weirdness trading I've ever seen.
I got no answer but I'm long and plan to stay that way.
A gas article starts out saying, "Natural gas will see a tough spring and summer as inventories remain 44% above the five-year average for this time of year, while at the same time natural gas producers are wanting to put natural gas supplies into storage to prepare for next winter."
The middle of the article beats up on NatGas and then closes by saying, "While a spring increase in natural gas prices might have encouraged natural gas producers to keep up output, the overall depressed energy production environment in the US should lend the market a hand. In their latest forecast, the Energy Information Administration forecast that production in the seven key US shale-drilling regions would fall by 464 million cubic feet per day in June compared to May. If this trend continues, it would likely mean fewer additions of natural gas supplies to storage and in turn, the market could start to balance."
So, you will like the article if you are short NatGas and don't the read the last paragraph.
You must read carefully or you end betting the wrong way. You need tall boots wading around the Internet.
Shorts hitting natural gas futures. I was just watching my oil and gas screen when gas just took a huge and sudden dive. It slowly works back up to yesterday's prices and then it gets slammed hard just to scare off investor. They are getting ready to slap the oil and gas market this morning.
The SEC has put all kinds of new regulations on small day traders but protects market makers, the biggest thieves on Wall Street. The market makers big excuse is that they have to pump the market and play games with the bid and ask numbers just so they can move a company's stock. I think they are cutting their own throats.
Oh well, we still have almost 2 hours before the open.
bomber, I agree that trade was made earlier and run through after hours. I see this a lot. I wonder in the market maker purposefully wilt held the trade because it was 7 cents above the close. Did he purposely delay the trade to keep from showing a higher closing price?
I trust nothing in stock trading any more. I've seen so much lying and swindling and pump and dump and on and on. The stock market is a den of thieves and con artists. Even Bloomberg's TV pumps the market all the time. They were pumping gold the last couple of day and gold dropped. Even the media is full of bullshit.
Carl Icahn, a well-known corporate raider, bought 72 million share of CHK and went about replacing Chesapeake's former co-founder and CEO Aubrey McClendon. McClendon was a reckless spender with a huge inflated ego who liked to party hardy. He needed to be fired!
The company was $5.6 billion in the red. In fact, the speculation in 2015 was that the company was ripe for a takeover.
That's when Icahn installed Doug Lawler as the new CEO and President. The market’s view was that Chesapeake's co-founder and previous CEO Aubrey McClendon put the company in a mess and Lawler was working tirelessly to untangle that mess and put things right.
Some of Lawler’s “putting it right” included firing 1,200 workers. This move was blamed on Icahn and Lawler by many in the local press who were on the side of the workers. Truth be known, the cutback was due to the warmest winter in history.
Lawler is Icahn's hand-picked man. If he does not preform the way the owner of 72 million CHK shares expects, Icahn will replace him in a heart beat.
Here's a link to a video of Lawler. I want to keep digging to find how why Icahn picked him.
http://www.news9.com/story/24781181/chesapeake-ceo-doug-lawler
U.S. gasoline demand reached the highest levels since record-keeping began as consumers took advantage of lower prices, a petroleum group said. The American Petroleum Institute published data for March that show total petroleum deliveries, a measure of demand, increased 0.4 percent year on year to an average 19.3 million barrels for its highest level for the month in eight years.
http://oilpro.com/links/detail/31222/us-gasoline-demand-soars
“You could be at 50 or 60 [dollars per barrel] in 60 days," famed oil investor T. Boone Pickens tells Yahoo Finance in the video above. “Supply is down and demand is up and price is going to go with it.”
http://oilpro.com/links/detail/31737/t-boone-pickens-thinks-oil-going-even-higher
Sudden Shift Of Raging Canada Wildfire Threatens Major Oil Sands Facilities. The catastrophic wildfire that has been raging in Alberta for more than two weeks suddenly started moving north late Monday towards major oil sands facilities, forcing the evacuation of around 8,000 people from work camps in the area late last night.
If the oil sands catch fire... how will they ever put it out?
About my investing style.
I've known since the 1960 that I can easily become obsessed. I've been treated by every drug imaginable and never could control my obsessions. What I finally did was learn to use them in a positive way. I've done a lot of amazing science but can't share it because it does not fit with an oil and gas investor.
Anyway, my obsession with Chesapeake keeps me digging and digging into every angle I can imagine. I would love to find something that turns me off on this stock. The worst I've found is that Chesapeake is facing a lot of law suits over the shenanigans of their previous founder and CEO. But these cases can go on for 10 years and not get settle so I've decided that they were not important to the year ahead.
Anyway, I research 10 hours a day and post a lot. I can't help it... it's just the way I am. I want to know every detail about why a stock moves up and down. I see the benefits of technicals, but I follow fundamentals.
The one thing I never do is lie to anyone! I can not stand liars and cheats. What I write in not phony -- its my real feelings and belief. But I do make mistakes and will admit them. I was accused of being too emotional. The accuser was 100% right. That's me in a nutshell -- an emotional stock investor with a sick obsession that follows fundamentals.