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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (22863)	12/12/2000 7:07:43 PM
From: JoeinIowa	Read Replies (2) \| Respond to of 29382

Sergio, I think you covered the NG sector fairly well. I bailed out of CHK after the futures started to fall. One thing about these NG stocks is typically they trade more in line with the futures than they should. If futures are going up the stocks are moving up and when futures are going down the stocks go down. I believe CHK is really undervalued at any price of NG over $6 but I also know the stock will not go up if the futures are going down. Given I have no idea where the NG futures are going to settle I figured I should sit back and see what the stock does. Earnings are still 6-7 weeks away. Joe