Chesapeake Energy Corp (CHK)

[ogbull]

NatGas takes big dive down 6 cents. There's no reason for the drop. Looks like a bit of manipulation. This kind of sell off often happens when someone is getting ready to take a big position. They start their buying effort by selling like crazy to cause longs to sell out at a cheaper price then they would have before the bear attack. I think NatGas will spike right back up. I picked up 10K at $6.58 so I put my money on the line. If I'm right, this will give CHK a boost a little later today.

CHK pre-market volume up nicely.