Chesapeake Energy Corp (CHK)

[ogbull]

CHK Shares Short as of Apr 29, 2016 was 111.79 million.
CHK shares Short a month ago was 131.92M Million

http://shortsqueeze.com/shortinterest/stock/CHK.htm
https://ycharts.com/companies/CHK/short_interest

Shorts have dropped by 21 millions in 30 days. With the recent attack by Barclays saying the stock was going to $1, it seems strange that the short side should drop 21 million shares. One would think the short side would increase by 21 million shares if there was any merit to what Barclays declared.

Lets go back to when CHK was $1.50 and predicted to go Bankrupt. How many shorts jump on CHK expecting it to drop to 10 cents a share?

Did the shorts get caught with their pants down? Is this the reason Barclays slammed the stock? Was Barclays a big short? Is Barclays trying to drive the stock as low as it can to clear its short?

Barclays could lose its arse if it is not careful. They are going short to pound the share price down, and then clearing the short on the rise. They they repeat the next day.

The majors are not selling! Will they let Barclays destroy Chesapeake Energy without jumping in to rescue the share price from the manipulators? I think something is about to happen and the shorts are gonna get fried.

I think Chesapeake should use a $billion of its credit line and announce a buyback of shares. That would put Barclays in a real squeeze. As far as that goes, any bid to buy out Chesapeake would send the stock to the moon.

I think I ride this puppy a little longer.

Don't listen to my Swami friend; he works for Barclays.