We all know that oil/gas cycles in this environment. As long as I have been in it, this is the 6th time to cycle down. In the late 90's CHK was down at 75 cents. Guess what, it was all gloom and doom then as well. I bought in at .75 and sold when it went to $70 plus. Guess what, I am waiting on the 75 cents, and yes, I will be buying back in. Go CHK!!
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I think that history will repeat itself again. So for all those gloom and doom shorts, well keep thinking along those lines. For you are only in it for shorts. As for myself, I am buying and in for the long haul. It's what happens when you are an old timer, and not just someone playing stocks. Have the faith! Go CHK!!
Zero chance? Worthless stock? Clearly you have the odds all figured out. I bought my house with stock that shorts claimed was worthless in 1997. I think I would take the bet on history repeating itself. Thank you chk.
Made some sweet cash on my shorts going into the holiday weekend. Thank you chk.
ZERO chance this stock ever hits $70 again. Also, the DOW was under 4000 at that time, so please keep it relative. At this point, people would be doing backflips if it were to hit $7. I'd still be way under water at $10. Only kept it cuz it was a cheap dividend, well we all know how that worked out.
The good news is, if you're really buying again at $.75, you'll get your chance very soon. The bad news of course, is that you will soon thereafter be holding a bunch of worthless stock. Hopefully you're accustomed to trading the pink sheets.