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Gold/Mining/Energy : Chesapeake Energy CHK

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To: Gabor who wrote (534)	7/14/1999 10:52:00 PM
From: Ed Ajootian	Read Replies (2) of 726

Gabor, The market made a very resounding statement today with the huge volume and downward price movement. I'm not a TA guy but even I can see that the chart has suddenly turned pretty sucky. Today's volume was far more than the volume for any other day in this rally up from the $2 mark. Would be interested in any TA expert opinions on this one. The amount of nat. gas in storage has now caught up with where it was last year at this time. Unless the rest of the summer is a lot hotter than normal it looks like there should be no upsurge in nat. gas demand until October when they start adding to storage for the winter. Saw where CHK sold some pipelines to CMS Energy. Do you (or anyone else) know how much cash they raised from those sales?

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