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To: ChanceIs who wrote (98390)3/27/2008 8:49:06 PM
From: tom pope  Respond to of 206223
 
the stock recedes and flat lines for a while.


But it's irrational - tho as you've said the market can stay irrational longer than one can stay solvent.

I do have a rule never to double down - but I violated it today big time :-(

CHK was certainly getting into overbought territory, I have to concede.



To: ChanceIs who wrote (98390)3/28/2008 12:48:24 AM
From: Sharp_End_Of_Drill  Read Replies (1) | Respond to of 206223
 
Chancels, it is not clear at all to me that a gas crisis is starting. I think we're in the midst of a liquidity fueled commodity bubble.



To: ChanceIs who wrote (98390)3/28/2008 9:26:37 AM
From: microhoogle!  Read Replies (1) | Respond to of 206223
 
CHK is good company but usually does not care much for it's shareholders (even the folks who buy with intention to keep it for a year or so). Everytime it is ready to go up - they themselves figure out a way to suppress the share price by dilution or debt.