With a trader’s mentality I added to all newish positions on Thursday and Friday. Among them is Chesapeake Energy, CHK. When the Chairman had to sell his entire position to meet a margin call the market was then going straight into the dumpster. It was most odd to see him appear in ads for his company, knowing he had just lost a bundle. Notwithstanding, this is a company that should prosper when/as/and if natural gas prices rebound.
Picked from a Blog. Chesapeake Energy Unlikely To Remain this Cheap by Ockham Research
And from Bespoke the odds for a better November: Monthly Performance For Oil, Dollar and the Dow by Bespoke Investment Group
