Chesapeake Energy Corp (CHK)

[ogbull]

12 million shares in one hour... sell side getting weak.

This is the way it works during a short attack. The nervous sellers sell out first and then the not so nervous start to sell but they want more money so the price bottoms and then starts back up. Then the shorts hit it again quickly and drop 3-4 cents in seconds and then it starts back again and they keep trying to scare more weak hands. A few more weak sellers take the higher price and then the selling really slows down. As the day wears on, the shorts start getting worrying about clearing all the shares they sold to run the price down. They start paying more. Now we get down to guys like me holding 80K shares. I'm not gonna give them back for less that $4.58 or $4.60 and maybe not then.

The same thing is happening with natgas. Volume is dropping fast. It took a lot of share to run the price down so low. Many that dumped out early will be buying back in so the price starts to move back up kinda fast. It is starting to turn now--volume picking up

The helps raise CHK prices and before the end of the day, the stupid sell off ends with the price moving back up much more than I paid.

Grilfreind, how many shares you own? 3K? Do you ever do any research? What is your assessment of CHK?

What price will CHK be selling for at this time next week?

How my Bcf will be injected into storage this weak? Any idea?