« Market Thought
CHK trade changes »

Trade - CHK

CHK looks really interesting here. It broke a resistance, and looks to want to move to the low/mid 50s.

chk

Natural Gas may correct upward as well, facilitating the potential CHK move. NatGas is still horribly negative, but it is sitting on support and due to a correction, considering the fundamental demand for NG is still very alive.
ng

I will be playing the 45 Oct Calls for the move, and will mostlikely unload the calls around 52. (I do like CHK as a long-term NatGas play, but the negativity in NatGas can not be ignored, so I am not buying and holding it.)

This entry was posted on Wednesday, August 20th, 2008 at 10:00 pm and is filed under stocks, trades. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

WordPress database error: [Can't open file: 'wp_comments.MYI' (errno: 144)]
SELECT * FROM wp_comments WHERE comment_post_ID = '1894' AND comment_approved = '1' ORDER BY comment_date

Leave a Reply