Chesapeake Energy Corp (CHK)

[Kallie]

Are you serious? What do you think hedge funds and traders do? The stop losses were triggered causing a massive sell off triggering more stop losses further driving the price down making it possible for them to cover. In the end they will be buying when the prices are at the bottom.

According to TDAmeritrade the short position the end of Feb was 31.15% so its not as high now as you can see below. The people shorted it much lower and don't plan on covering at the highs they have the ability to drive it down with a worthless article that said much of nothing. When the ER came out and it was good they took action to stop it believe that! All those stop losses and peoples shares were sold at a huge discount.
Also Charts do fill gaps can't explain it but they do every time.

19.7% of float Is SHORT
131,925,248 shares are shorted as of 4/15/16


http://www.wsj.com/mdc/public/page/2_3062-shtnyse_C-listing.html

Quote

"I honestly don't believe in the short theory. although this is still big board stock. but to be down 20% even after hours???"