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FLObserver
LSU Fan
Jacksonville
Member since Nov 2005
7881 posts

re: CHK stock out the roof today, up 146% today
WTF?? Last time i had them on my stock watch list they were at 3.00 @ share

quote:

they had a 1-200 split in April-Reverse split, not split.


Ah ok
This post was edited on 6/9 at 9:57 am


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LSURussian
LSU Fan
9 acres of paradise in Baton Rouge
Member since Feb 2005
120931 posts

re: CHK stock out the roof today, up 146% today
quote:

they had a 1-200 split in April
Reverse split, not split.


lostinbr
LSU Fan
Baton Rouge, LA
Member since Oct 2017
2455 posts

re: CHK stock out the roof today, up 146% today
quote:

More like the next few days, if not hours. Plummeted after hours. Shorts got squeezed and Robinhood investors are going to wish they had taken profits like everyone else is doing.

Trading halted. Not looking good following the Bloomberg report.
quote:

Algorithms and bots got ahold of this in the last two days and crushed the shorts.

How pissed would you be if you lost your arse in a short squeeze days before they file for chapter 11?


UltimaParadox
Alabama Fan
Huntsville
Member since Nov 2008
15051 posts

re: CHK stock out the roof today, up 146% today
Long time coming for CHK, surprised they made it this long.


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Kramer26
LSU Fan
St. George, LA
Member since Jan 2005
6081 posts

re: CHK stock out the roof today, up 146% today
No news released. Trading started again. Now somebody explain that.


AUHighPlainsDrifter
Auburn Fan
South Carolina
Member since Sep 2017
152 posts

re: CHK stock out the roof today, up 146% today
quote:

No news released. Trading started again. Now somebody explain that.


Reports of Ch 11 filing.

Check out the 5 year chart on this stock. Wow! Some folks may be committing suicide today, literally.
This post was edited on 6/9 at 12:09 pm


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lostinbr
LSU Fan
Baton Rouge, LA
Member since Oct 2017
2455 posts

re: CHK stock out the roof today, up 146% today
quote:

No news released.

You mean other than the Bloomberg report?

I laughed a little at this note in a Forbes article:
quote:

Much of the price action appears to be attributed to retail investors new to day trading on the no-commission Robinhood platform — who are set to learn valuable lessons about the nature of capital structures and the pecking order of recoveries in a bankruptcy.


quote:

Trading started again. Now somebody explain that.

So what is your stance here, that the report is false and they aren’t preparing to file for bankruptcy? If that’s the case why have CHK executives not responded to the media reports?

You seem to think that months of bad news means it’s not going to happen - I’d argue the opposite. Hell, the company already acknowledged chapter 11 was a possibility earlier this year.

ETA: Here’s the quote from their 10-Q filing in May:
quote:

As a result of the impacts to the Company's financial position resulting from declining industry conditions and in consideration of the substantial amount of long-term debt outstanding, the Company has engaged advisors to assist with the evaluation of strategic alternatives, which may include, but not be limited to, seeking a restructuring, amendment or refinancing of existing debt through a private restructuring or reorganization under Chapter 11 of the Bankruptcy Code.
This post was edited on 6/9 at 12:15 pm


UltimaParadox
Alabama Fan
Huntsville
Member since Nov 2008
15051 posts

re: CHK stock out the roof today, up 146% today
As will be the case with Hertz pretty soon. Retail investor always get slaughtered in these situations. I would 100% expect anyone holding on to these shares will get zero from them. Tale as old as time
This post was edited on 6/9 at 12:21 pm


AUHighPlainsDrifter
Auburn Fan
South Carolina
Member since Sep 2017
152 posts

re: CHK stock out the roof today, up 146% today
quote:

As will be the case with Hertz pretty soon. Retail investor always get slaughtered in these situations. I would 100% expect anyone holding on to these shares will get zero from them. Tale as old as time.


Same for Macy's...and a lot of folks are unloading it today. I guess some buyers think they're going to make some money in the short term.


jmcwhrter
Member since Nov 2012
2232 posts

re: CHK stock out the roof today, up 146% today
They keep pointing the finger at "inexperienced people on Robinhood", but the blame should really lie at the feet of people who buy into coordinated pump schemes on StockTwits, Twitter, Reddit, etc.


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Kramer26
LSU Fan
St. George, LA
Member since Jan 2005
6081 posts

re: CHK stock out the roof today, up 146% today
quote:

You mean other than the Bloomberg report?


Trading was halted because they said the company was releasing news. Nothing was released and no statement has been given by CHK.


cwill
Member since Jan 2005
44452 posts

re: CHK stock out the roof today, up 146% today


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50
go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
8179 posts

re: CHK stock out the roof today, up 146% today
quote:

How pissed would you be if you lost your arse in a short squeeze days before they file for chapter 11?


Very strange trade were both the shorts and longs could get crushed.


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DumpsterFire
Arkansas Fan
Member since Sep 2012
1349 posts

re: CHK stock out the roof today, up 146% today
quote:

Same for Macy's


Not even in the same ballpark as Hertz and CHK. That is a very misinformed comment.


AUHighPlainsDrifter
Auburn Fan
South Carolina
Member since Sep 2017
152 posts

re: CHK stock out the roof today, up 146% today
quote:

Not even in the same ballpark as Hertz and CHK. That is a very misinformed comment.


I should have only quoted the part pertaining to BK.That's what I was implying in regards to Macy's...and I stand by it.


DumpsterFire
Arkansas Fan
Member since Sep 2012
1349 posts

re: CHK stock out the roof today, up 146% today
quote:

I should have only quoted the part pertaining to BK.That's what I was implying in regards to Macy's...and I stand by it.


Having the opinion that Macy's will go bankrupt isn't crazy, and you certainly aren't alone. I just think the comparison of the recent run up in Macy's stock to that of Hertz and CHK (which have either filed for bankruptcy or heavily alluded to it) is not good.
This post was edited on 6/9 at 2:47 pm


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donRANDOMnumbers
New Orleans Pelicans Fan
Hub City
Member since Nov 2006
15519 posts

re: CHK stock out the roof today, up 146% today
quote:

Reverse split, not split.


back off, dad.

but yes, i mis-spoke.


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Enfuego
Tulane Fan
Nola
Member since Mar 2009
9580 posts
 Online 

re: CHK stock out the roof today, up 146% today
Missed their $10M interest payment on Monday. The countdown begins.

LINK


lsuguy13
LSU Fan
Laffy; Friend of Bill
Member since Mar 2004
9118 posts

re: CHK stock out the roof today, up 146% today
So would you buy put’s?


Enfuego
Tulane Fan
Nola
Member since Mar 2009
9580 posts
 Online 

re: CHK stock out the roof today, up 146% today
I personally would not, imagine the spreads are gonna be very wide and not worth it. I have some puts that I bought 2.5 weeks ago (before all of the crazy volatility last week) which expire Friday. Hopefully can sell them off today.


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