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Friday, May 11, 2012

More on $CHK Stock Drop

Forbes thinks that my post below is the reason for the share price collapse today.  This most recent drop might push me over the edge and cause me to buy.....

http://www.forbes.com/sites/steveschaefer/2012/05/11/chesapeake-shares-crunched-after-filing-warns-of-delayed-asset-sales/?partner=yahootix

3 comments:

  1. Yes, I opened a position today.

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  2. You will be one of the only shareholders who isn't sitting on big paper losses at the end of the day!

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  3. Yeah, we'll see. What caused me to pull the trigger was hearing that Mason Hawkins is the largest shareholder and is moving to an activist position.

    I've been investing quite a bit in nat. gas as the prices have cratered (mainly ECA, UPL, and PEYUF). I'm attracted to the catastrophe-based investing approach, which I know you've commented on before too.

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