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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (98387)	3/27/2008 8:38:58 PM
From: ChanceIs	Read Replies (3) \| Respond to of 206223

>>>CHK (which I own) offers equivalent of 4% of outstanding stock in a secondary and the stock tanks 2.5%.<<< I think it the case with most corporations, that when a secondary offering comes down the pipes, the stock recedes and flat lines for a while. Looking back at the CHK chart, I recall that they sold off heavily and stagnated when they did a convertible offering post or mid-KatRita. Most other gassy E&Ps soard, but then sold off in January of '06 when it was 80F in Washington on New Year's Day. Unbelievable how CHK was basically flat for the last two years. Quite a time in the penalty box. Yes there was the big glut, but that stasis was just ridiculous. I hope its clear to all that the gas crisis i just beginning. Mind you I just bought a pile of Jan '10 LEAPs. I believe that I will be selling a lot of OTM calls against them. Actually mybe sell some ITM calls - turn them into credit spreads.