Chesapeake Energy Corp (CHK)

[ogbull]

Average volume is about 7 million share per hour. We've traded 11,500,000 in 3 hours... almost 10 million below normal.

No one seems too excited about selling or buying. I think I;ll go take a nap by the pool. Too boring watching CHK move sideways.

I predict a close at $3.85 up 13 cents.

Just to say it one more time. The shareholders voted to authorize many more shares if needed to protect the company from Bankruptcy. All this means is that we now have a legit way to avoid bankruptcy. It does not mean that CHK will sell any of these shares unless they have too. Nor does it prevent them from announcing a share buyback if business picks up.

We are headed into the hottest summer ever. NatGas Prices should hold strong all year. CHK will make a lot of money! All you need to do is be patient!