chesapeake and petrahawk stocks

This is strictly for conversation only and not for anyone to take action.The day after it was announced McClendon had bought a huge block of stock in his own company, I had just sold my stock in Home Depot.(lucky me) Decided I'd buy the aforementioned two. I told my (friend) about it yesterday and he liked to have swooned. "Why in the world didn't you call me first," he said."I sold five thousand shares the same day he bought.
With all the money they're spending right now , I don't see how it could go up for months. I don't know how much you have lost, but I'd get out
and take my loss." I did last night and saved 1250.00 as of close today. Just goes to show "All that glitters is not gold.
The reason I thought of this just now is because I read a post the other day and he/she said maybe we ought to take our lease money and buy chk and hk.

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Permalink Reply by Pat on August 8, 2008 at 10:49
Getting in and out is trading, not investing. Don't try to "time" the stock.
Permalink Reply by b on August 8, 2008 at 12:51
sold too early
Permalink Reply by Jed Clampett on August 8, 2008 at 13:19
Without a doubt on CHK & HK Go Loooong!!!! Market is too volatile with the daily fluctuations in energy futures caused by the latest news headline & please!!!! don't even bring up "Cramer" and his nightly three ring circus of investortainment.
Permalink Reply by Trenna on August 8, 2008 at 14:49
I bought CHK and XTO years ago. They did just have a recent run up and now they are way down. I bought these for the long haul not to make fast money and get out. One thing I have learned about these 2 stocks is they go up and down with the price of Natural Gas and Oil. I believe the oil and gas market has gone down because of supply and demand. Soon as gas gets cheaper people will start using more and back up it will go and so goes CHK and XTO. But I am no expert on all of this, JMO

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