There is often something of a bounce from the 2.60ish level, after a stock has spent time above three loonies in margin territory ... it's pretty common, hard to say how much marginability effects Chesapeake specifically, but it's a thing you see on many shares ... so if it was clearly undervalued at or above 3.00, it's likely to show strength from here ..... with ckg though, it's strictly raw exploration at this point, so you have the cash, and the team, and some properties with clear possibilities yet unknown as to ultimate value
Two loonies would be the treasury plus twenty-five per cent premium for the team and properties .... a little hopeful, i think maybe [i'm looking to get back in, too] .... 2.40 is treasury plus fifty per cent ..... hmmm .... probably depends a lot on the yellow and the general market for juniors, of course, and if a person thinks it unlikely to bounce before the midsummer blahs it may be wise to keep in GTCs for 2.05ish .... but it's a pretty decent buy anywhere in here, imho ... i think i'll have an order in just north of 2.25, and see how that goes ..... just musing here, typing in the train of thought, haven't really decided yet
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