Open Question
Does anyone want to call a bottom for Nat Gas and CHK Purchased at $55 Will it
hit 40's this week? Maybe Wednesday. Oil going lower, Ecom recovers, oil use
goes higher, oil goes higher, looks like an ugly circle where oil always goes
higher in the end.
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CHK hit 49 added more to my position, im in the house of pain with everything
else
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Nat gas is going to $9...but I don't think CHK will drop much below $48.
Earnings and outlook next week should prop it up..and should gain some momo when
nat gas turns around the other way
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All I can see is maybe a snapback rally. Since UNG and FCG are at the 200dy mav,
maybe you get a bounce. But more likely CHK goes to 45-46.
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Well, there are a few of us who would love to call a bottom - but it's likely,
sigh, going down some more - unless it becomes a financial and loses several
billion dollars and cuts its dividends ...
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let's see if this new hurry cane bashes Texas
Answered by Peter near Matanzas Inlet
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NO! The trend is not your friend here unless you are short!
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