Chesapeake Energy Corp (CHK)

[ogbull]

WE got a combination of factors in play now.

!. At market close, we had a small increase in price confirmed by a 10% increase in volume. That is a weak positive signal.

2. We had institutions buying lifting the price. But this turned out to be a plus for the manipulators because it helped raise the price so they could clear their shorts at a higher profit. This is the part I missed yesterday. Slow rising prices helps the manipulator when the buyer runs out of money. The buying needs to go on most of day and not stop at noon. We need a steady up tic on ~100+ million shares before we can celebrate. We need to sell ~30 million shares in the first two hours. This will scare the manipulator and put an end to his bullshit.

3. The institutions bought the number of shares they wanted by noon so buying stopped. This opened the door for the manipulators to start shorting again.

4. We also had a number of disgruntle share holders throw in the towel when the prices started dropping -- another boost for the manipulators.

5. And we had day traders that bought early on rising gas prices, which took a dive later in the day causing more selling pressure at the wrong time.

6. We sold over 1.5 million shares in after hours with a 1.2% rise in price; however, at 4:10 pm a 1,324,341 trade was made at $4.01 per share. This was an institutional trade and must be considered a positive because it was made 7 cents above the prevailing price.

It might not seem like a positive day, but it is a step in the right direction simple because volume shows signs of moving up.