Chesapeake Energy Corp (CHK)

[ogbull]

Looks like a lot of weak share holders that bought in recently are afraid CHK will take another dive before the close as it usually does. But I don't think the dips will last for long. Buyers some times step back to keep from running to price up too fast. I hope this is what is happening now.

This is a tough call. I not selling, but selling on the next pop might get you back in at a cheaper price later in day. But then again, if volume picks up, we could see the shorts start to reverse and turn into a short squeez. If I was short, I'd be worried right now.

Looks like we did 9 million in the first hour. I just hope we can keep the volume up.