Chesapeake Energy Corp (CHK)

[ogbull]

An old CHK investor told me that CHK trades mostly on oil prices because oil was their most profitable product a few years back when oil was $140.00 a barrel. He suggested just hang in and it would soon switch to trading more on natural gas like SWN.

Sounds about right to me.

I also think yesterday was a crazy day because options expired on the same day they released very low storage injections numbers.

So all we got to worry about now is the price of oil and natural gas and the weather.

Sorry I go so ticked off at CHK but I was ready to dump out. I got too many shares on margin and was facing a forced sale.

I just dumped 20K at $4.50 just so I can ride this puppy down without worrying too much. I can ride it down to $3.85 now! Makes me feel better! If it gets cheap again, I'll buy the 20K back I sold today. The way its trading, I'm sure I get the chance.

I've also decided to tell the board who I am so everyone will know more about me. I will do it in the next day or so.