Chesapeake Energy....why is it going down?

[retardude48]

Hi, I bought this stock in early September at 43.35. I waited till the price support but it fell through even worse. I know that natural gas has been going back up in the past couple days but Chesapeake doesnt seem to follow suit. I dont know why this is happening. I know these damn hedge funds are playing around with it, but this company is strong and dont see the reason why its not climbing. Are there problems about this company that I am looking over? Thanks.

[JV_Picker]

Putting aside the current market madness for the moment: I looked at the contract prices on the NYMEX natural gas charts. There isn't much fluctuation of the prices. The range spanned from $7.35-$8 per 10,000 btu through next July. Unless there's a dramatic shift in how natural gas is used in the US (and Mr. Pickens appears to be working on that), traders don't expect a dramatic upsurge in natural gas prices.

[useless]

Does this not vary a little bit on who get as president? Seems like, to me anyway, McCain would be a little better for CNG than Obama. Also looks like Obama may be ahead...

[john_for_u80]

Hi, I bought this stock in early September at 43.35. I waited till the price support but it fell through even worse. I know that natural gas has been going back up in the past couple days but Chesapeake doesnt seem to follow suit. I dont know why this is happening. I know these damn hedge funds are playing around with it, but this company is strong and dont see the reason why its not climbing. Are there problems about this company that I am looking over? Thanks.


Does this not vary a little bit on who get as president? Seems like, to me anyway, McCain would be a little better for CNG than Obama. Also looks like Obama may be ahead...

Fundamentally everything is pure BS.

Just look at the charts and price action to trade the stocks of good companies with a stop in place after you buy any stock so that if you are wrong, you get out soon with less pain!

Excellent Tip for Bear Market: Apply for the Job in fundamentally strong company rather than buying a stock in a downtrend and crying that fundamentals are strong so why not price is going up!

[retardude48]

Fundamentally everything is pure BS.

Just look at the charts and price action to trade the stocks of good companies with a stop in place after you buy any stock so that if you are wrong, you get out soon with less pain!

Why do you say fundamentally everything is BS? Yea, you are def. right on placing stops....I need to put that into practice. Appreciate it.

I noticed that during days when NG goes up, chesapeake does bad. Also NG futures for the next couple of months are up well. That and also adding that NG production after Ike dropped, so im confused why its in this direction. Also to mention that the fact they have commercials for CNG vechiles...Pickens and McClendon are endorsing the crap out if. Many people say that McClendon is trying to save his a$$, but I dont see it that way. I see it that he is doin everything in his power as a CEO to make a successful company.

Comments suggested....

[john_for_u80]

Why do you say fundamentally everything is BS? Yea, you are def. right on placing stops....I need to put that into practice. Appreciate it.

I noticed that during days when NG goes up, chesapeake does bad. Also NG futures for the next couple of months are up well. That and also adding that NG production after Ike dropped, so im confused why its in this direction. Also to mention that the fact they have commercials for CNG vechiles...Pickens and McClendon are endorsing the crap out if. Many people say that McClendon is trying to save his a$$, but I dont see it that way. I see it that he is doin everything in his power as a CEO to make a successful company.

Comments suggested....

I mean to say that Fundamentals are pure BS in bear market. Very few stocks like WMT, GIS are near 52 week high! Even if the fundamental is strong in bull market and the stock is not performing, that means that particular stock is laggard :)

Pickens and McClendon are pure BS because they are dead wrong in this bear market!

Look at the charts and trade. This market has become so bad that only intra-day technicals works but if any news comes out, technicals are screwed!

I think S&P goes below 1000! I might be wrong but looking at the S&P chart and fundamentals so far, I think we go much lower with pops in between! Finally its your money so you decide what you feel is right because neither I nor Pickens will fill your empty pocket when you lose money!

True Advice: Please don't watch CNBC or read any news and trade! Don't try to catch the bottom and don't hold the losers, sell them on bounce!

[retardude48]

I mean to say that Fundamentals are pure BS in bear market. Very few stocks like WMT, GIS are near 52 week high! Even if the fundamental is strong in bull market and the stock is not performing, that means that particular stock is laggard :)

Pickens and McClendon are pure BS because they are dead wrong in this bear market!

Look at the charts and trade. This market has become so bad that only intra-day technicals works but if any news comes out, technicals are screwed!

I think S&P goes below 1000! I might be wrong but looking at the S&P chart and fundamentals so far, I think we go much lower with pops in between! Finally its your money so you decide what you feel is right because neither I nor Pickens will fill your empty pocket when you lose money!

True Advice: Please don't watch CNBC or read any news and trade! Don't try to catch the bottom and don't hold the losers, sell them on bounce!

I appreciate you advice.