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Sunday, 05/13/2012 11:36:40 AM

Sunday, May 13, 2012 11:36:40 AM

Post# of 376166
CHK...Interesting explanation of the huge reversals we saw in late trading Friday......

How Chesapeake (CHK -13.8%) managed to crush longs and shorts within a 30-minute span: After filing that “additional time is needed" to complete its Q1 report, it actually filed the Q1 within minutes. A massive short covering spree ensued, the stock gyrated wildly, but reality finally set in: CHK may need to delay asset sales it needs to fund its potential $6B spending gap.

Naz News Board...Gappers and Tankers

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