What sparked Cramer to be bullish on CHK?

[Jazen]

Anyone catch yesterdays show? Wondering what sparked Cramer to now be bullish on CHK? The day before he poo-pooed it.

[deepinwonder]

The price of natural gas is shooting way up, because the weather report said it's going to be cold for the next ten days. That's what I heard on tv, anyway. I'm sure there will be other cold spells coming, too. It's winter. 8)

[aj14]

Chatter around the street was that they were going to try and run the stock after the secondary....looks like it didn't work. Maybe Cramer bought into this "talk..."

[Pytheas]

Cramer used to bug me when he flip-flopped stocks like that. Its funny how he's not wishy-washy on his Action Alert PLUS stocks.

Here is his recent history with CHK.

10/7 - Bear
10/10 - Bear
10/25 - Bull
11/1 - Bear
11/7 - Bull
11/26 - Bull
11/28 - Bull
12/7 - Bear
12/8 - Bull

[deepinwonder]

Its funny how he's not wishy-washy on his Action Alert PLUS stocks.

Only after he sells them. :wink:

I know he isn't making any money, personally, on those stocks... but he will use them as an indication of his abilities, if he comes out way ahead, and pumping them to his tv viewers is one way to get that accomplished. I don't like all his picks, I wonder how much he's up, since he started that account.

[deepinwonder]

Chatter around the street was that they were going to try and run the stock after the secondary

Common sense would tell us that was going to be attempted, but with reserves being up the way they are, I'm not sure the weather is going to deplete them as some had hoped. I also notice a lot of baloney coming of CNBC regarding nat gas, in the last few months, and they are at it again. We spoke previously on here about how they were "over-estimating" what consumers were really going to pay for it, since they were totally overlooking the amount of natural gas that was hedged out at much lower rates, more like $6, not $15 where it is now. They finally admitted that, this week, according to a "new study," haha. Now, they are trying to get you to sell off your stock in small businesses, because they are saying it's going to be a killer for them. It never ends, does it? blah blah blah :roll:

I'm not sure when those prices will expire for CHK, but that was one of the problems with this stock. Much of their gas has been hedged and they weren't able to take advantage of skyrocketing rates. You also have to wonder how those analysts could justify utility companies charging such high rates to customers, if they got the gas for a lot cheaper. It never did add up. We owned this stock this year and cashed out before it fell, under those considerations.

Otherwise, an *excellent* company and I'm sure there will be much more growth and profit in the years ahead, we just weren't planning on holding for that long and didn't want to ride it down and wait it out.

[deepinwonder]

I forget to mention that this stock was being heavily shorted, they had to cover causing a bigger spike than would normally happen with higher prices, and are now selling back off. I predict (and it's just my opinion) that it will continue dropping and consolidate on a lower level, now that they have been shaken out, with this most recent wave of snowy weather.

[the_menace]

Cramer used to bug me when he flip-flopped stocks like that. Its funny how he's not wishy-washy on his Action Alert PLUS stocks.

Here is his recent history with CHK.

10/7 - Bear
10/10 - Bear
10/25 - Bull
11/1 - Bear
11/7 - Bull
11/26 - Bull
11/28 - Bull
12/7 - Bear
12/8 - Bull

You have to remember though that the market changes a lot everyday; and I wouldn't be surprised if he changes his mind. The reason he's not wishy washy on his Action alerts plus portfolio is because those are the stocks that he picked as long-term. He talks about it all the time and that those are the stocks that he can't short-sell on and needs to be kept for at least a month.

[Pytheas]

The reason he's not wishy washy on his Action alerts plus portfolio is because those are the stocks that he picked as long-term. He talks about it all the time and that those are the stocks that he can't short-sell on and needs to be kept for at least a month.

One of his rules is "Buy and Homework", not "buy and hold", yet he has semi-long term stocks. Such as Microsoft, Intel, and others he's mentioned he has in his Action Alerts PLUS. Its the little contradictions that can get annoying.

I realize that market conditions can change in a heartbeat, but for him to flip-flop so much on 1 stock can confuse alot of people. (me included sometimes) I almost wonder if he considers this stock to be an intraday trade.

fyi, I've known about this stock for a while, back when it was in the $14 range, and still own it.

[pmb1010]

[quote=the_menace] Its the little contradictions that can get annoying..

How about callers with (what they think might be) a decent stock? He says "nooooooooooo, you want to switch out of that and buy best of breed!!!". Even though the caller's stock may in fact be a good one, with some real possible upside for whatever reason.

Then, last night or the one before, "sometimes to make money you need to buy worst of breed".

Well, Jim, which is it??? Best of breed stocks that have already peaked, and are flatline or, or competitive stocks that can make a move for the well researched individual?

Its getting silly the more I watch the show (for about 2 months now...)

[Rick]

Wish I had read all of this before buying at 31.48. Have a stop limit at 30. We'll see what happens Monday. Cramer isn't the only one bullish on this stock.

[Hexum]

Been one of fav stocks for quite awhile...

I live in OKC where CHK is located.