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Gold/Mining/Energy : Chesapeake Energy CHK

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To: Doug Coughlan who wrote (268)9/30/1997 12:13:00 AM
From: Wade Sickler   of 726
 
[Can't find anything to account for the move.]

Doug,

Seems to me that this is the standard "sell on the rumor, buy on the news" situation. The market was aware of the problems... they market expected the write down... the market expected some class action suits... now its time to cover the shorts (which brings in the longs). Also helps to be in a strong group at the time.

Wade
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