Replies to post #7 on Chesapeake Gold Corp (CKG)

[marcos]

There is often something of a bounce from the 2.60ish level, after a stock has spent time above three loonies in margin territory ... it's pretty common, hard to say how much marginability effects Chesapeake specifically, but it's a thing you see on many shares ... so if it was clearly undervalued at or above 3.00, it's likely to show strength from here ..... with ckg though, it's strictly raw exploration at this point, so you have the cash, and the team, and some properties with clear possibilities yet unknown as to ultimate value

Two loonies would be the treasury plus twenty-five per cent premium for the team and properties .... a little hopeful, i think maybe [i'm looking to get back in, too] .... 2.40 is treasury plus fifty per cent ..... hmmm .... probably depends a lot on the yellow and the general market for juniors, of course, and if a person thinks it unlikely to bounce before the midsummer blahs it may be wise to keep in GTCs for 2.05ish .... but it's a pretty decent buy anywhere in here, imho ... i think i'll have an order in just north of 2.25, and see how that goes ..... just musing here, typing in the train of thought, haven't really decided yet

[Frank Pembleton]

tf...I guess I should of posted my sell-- but once it broke three bucks I was out...this stock could very well trade @ cash value, unfortunately. Did you catch some of what R. Winter's was saying on SI? #reply-18990339 His analogy of a pretty women that isn't any fun aptly describes what I see here in the gold micro cap sector.

...and by looking at the chart, I see it has bottomed for now (but it doesn't mean the downtrend is over) and at best we could see CKG trend sideways possibly until early this fall. I'm expect a pop back to $2.95 which would have this stock trending along the 200 day MA-- PoG is trending miles above the 200 day MA which makes this stock look rather oversold.

Personally, I'd like to see the management put a web site together-- it'll give easier access to IR and have an outlined plan of what they're up so anxious investors don't all start selling the living shit out of the stock because they're bored.

...but until that happens, I'll continue to swing trade elsewhere.

>