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Started By
Message
CHK hits 52 week low
Posted on 3/10/15 at 11:31 am
Posted on 3/10/15 at 11:31 am
quote:
Chesapeake Energy (CHK -1.7%) is reiterated with a Buy rating and $24 price target at Wunderlich, which says the stock is at a 52-week low for what it believes are unfair reasons.
Symbol / Last Price / $ Chg / % Chg
CHK / 13.9099 / -0.3301 / -2.32
I've been watching this stock for years since they blazed into Shreveport spending money in the Haynesville shale like Davy Crockett. It just seemed so reckless...
I've been waiting on the right time to acquire some, and with management restructuring, asset sales, and the downward pressure of low energy prices I'm wondering if this is the right time to catch the knife.
However, I have a tendency to buy something on the way down halfway to it's low when I could have waited a few more months and got it even cheaper.
What say you Guru's? Buy, sell, hold??? Run away?
This post was edited on 3/10/15 at 11:40 am
7
Posted on 3/10/15 at 11:36 am to Clyde Tipton
quote:
Run away?
If you're not going to run way - wait for it to hit bottom and reverse at least a little bit - and for more than a week or 2. That's the best way to not catch a falling knife.
Posted on 3/10/15 at 12:05 pm to Clyde Tipton
Got in 2 or 3 years ago at like 16.5 and sold it around 24 a good while back. Felt pretty good about leaving it alone then. With the way things have went with oil prices I don't know how comfortable I would be since they seemed to have had a lot going on with natural gas.
Posted on 3/10/15 at 12:12 pm to Clyde Tipton
frick me. that's all i'll say about that.
Posted on 3/10/15 at 2:47 pm to Clyde Tipton
McClendon killed this company, a couple times. And now he has his own company again.
Posted on 3/10/15 at 4:58 pm to Ace Midnight
quote:
If you're not going to run way - wait for it to hit bottom and reverse at least a little bit - and for more than a week or 2. That's the best way to not catch a falling knife.
Right.
The one to two week rule.
Warren Buffet got where he was by always waiting one to two weeks.
Every situation is different, trying to generalize is well, par for AM's course.
Check back in one to two weeks. The answer will be murky then. There's no set recipe for success.
This post was edited on 3/10/15 at 5:00 pm
Posted on 6/10/15 at 10:02 am to soccerfüt
It went above $16 and now back to the low $13's. I was advised yesterday by someone with a lot bigger IRA than me that they were about to increase their CHK holdings significantly.
Posted on 6/10/15 at 11:10 am to Clyde Tipton
well i am holding the bag from a long time ago, so i'm pretty much CHK's bottom bitch
Posted on 6/10/15 at 3:19 pm to Clyde Tipton
I jumped into it few days ago at 13.10
I like this stock
what i like better is Natural gas ETF, very volatile but good opportunity to make money.
Been trading short with Ugaz and made around 3G in few days.
I like this stock
what i like better is Natural gas ETF, very volatile but good opportunity to make money.
Been trading short with Ugaz and made around 3G in few days.
Posted on 6/10/15 at 3:35 pm to Northwestern tiger
Better energy plays in my opinion. The EIA just released their short term energy outlook yesterday I believe. Not that they have been anything approaching close to accurate in their projections, but I'd at least familiarize myself with this peice of fundamental supply/demand pricing information.
I wouldn't consider CHK a buy and forget it type company. At least not at the present time. That's just me though.
I wouldn't consider CHK a buy and forget it type company. At least not at the present time. That's just me though.
Posted on 6/10/15 at 4:22 pm to Clyde Tipton
I owned lots of this stock for a long time. I sold at some point over the summer in the mid $30's. That debt is insanely high, I feel like there are much better Nat Gas stocks out there.
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