Chesapeake Energy Corp (CHK)

[ogbull]

Expect Big Rally!

Chesapeake Energy files 8-K; amends the Restated Certificate of Incorporation to increase authorized common stock by 500,000,000.

http://seekingalpha.com/article/3976958-good-news-chesapeake?app=1&auth_param=1191vj:1bk5b2h:69bbbf015cc06c59ca15bd12a9362ee6&uprof=44&dr=1#alt2


This explain why the major investors held and did not join the selling. This will catch the short by their arse. I think $6.00 is not out of the question since this moves the chance of bankruptcy into the trash can.