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Permalink Reply by Two Dogs, Pirate on November 22, 2008 at 6:43

Austin Chalk.

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Permalink Reply by VSC DeSoto South on November 22, 2008 at 6:42

That's not very encouraging....sigh

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Permalink Reply by Two Dogs, Pirate on November 22, 2008 at 6:44

If you had bought then think of the money that you would have made even now with it below $20.

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Permalink Reply by Grice on November 22, 2008 at 4:15

Snake, thats a good thing.... it just means theres more room for growth.

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Permalink Reply by VSC DeSoto South on November 22, 2008 at 6:43

I am thinking I will just hold it, and my nose for the long run.
In my gut, i believe they will pull through, just not fond of accelerated dives.

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Permalink Reply by Martin on November 22, 2008 at 10:17

VSC - O
Like the office administrator at a brokerage house i have dealt with in the past said recently --- "If you sell now, you just lock in your loss." The wisest words I've ever heard from that operation. The broker just wants to invest every bit of loose change in my account. With no particular plan. Did i mention he has a box of lipsticks on his desk? CHK went up $2.99 yesterday -- 11/21. Closed at the price you posted. The P/E is 7. HK went up $1.02 yesterday. The PE is 26. I'm just a layman when it comes to the stock market and the Natural Gas business. But both of these companies are commodity based stocks. As the underling commodity goes, so goes the stocks. Baring management stupidity, overextended debt commitment, etc. If you're a bit of a gambling man, you might want to double down on CHK. Don't know what to say about HK. I own some CHK myself and am also thinking of buying more. In the long term, it's reasonable to think that energy consumption will increase in the intermediate and long term -- say from three years and further out.

Remember, yesterday's market bounce is attributed to the next administration's Secretary of the Treasury selection. I guess the theory is that any news that is not bad MUST be good. The market can just as easily lose the gain this Monday.

Also, Aubrey's sale of stock was forced due to margin calls. He had no choice in the matter.

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