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Re: [RT] CHK action



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One of the (expensive) services that I use is recommending
a long position in CHK on the basis that winter will see a
significant increase in natural gas prices.

Clyde

----- Original Message ----- 
From: "BobsKC" <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, July 01, 2006 06:52 PM
Subject: **SPAM: [RT] CHK action


> Good day all .. I finally landed from my trip and wanted to keep you 
> up to date on my CHK saga.
> 
> As I said in my last mail, after I sold the 4K at 30.50, I put in a 
> GTC order at 29 and as you know, that
> filled early in the week.  When it crossed 30.50 again late in the 
> week, I sold it again.  Had I been at
> some base of operations rather than using a wireless hotel 
> connection, I would have shorted it the first
> time it hit 30.50 because the fundamentals were not there to support 
> the rise.  (Previously explained). I
> still like the stock long but again, until weather catches hold of 
> it, the spot price doesn't support these runs
> in my opinion and I'll await another chance at a lower price 
> again.  The summary is that in the past 30
> days, I have made $16,000 on CHK runs.  I won't short it here as the 
> fundamentals were not simply
> misinterpreted like they were the first visit to 30.50 when the 
> market saw M & A activity in the sector as a
> plus when it was never a plus for CHK and I'm less sure of the timing 
> and depth of a retracement.
> 
> Good trading next week
> 
> Bob
> 
> 
> 
> 
> 
> Yahoo! Groups Links
> 
> 
> 
> 
> 
>

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