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Re: BradL45 post# 39

Thursday, 01/22/2009 4:41:01 PM

Thursday, January 22, 2009 4:41:01 PM

Post# of 70
Discovering Gas reservoirs off of Haifa would help to lower gas price which it would be the case for CHK.


CHK stock [CHK 14.20 -0.93 (-6.15%) ] has been trading between $14 and $19 for the last two months, but today's options action indicates that we could see it fall below that range in the short term. More than 21,000 puts have changed hands in the first two hours of the session, compared with normal turnover of 14,800 puts in the last 30 days.

http://www.cnbc.com/id/28795694


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As for oil speculation, will see as oil is bouncing off from 40 +/- pivotal support. If DXO breaks 2.50 +/-, it will revisit the recent low which you also mentioned 1.70 +/-.







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