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Chesapeake Energy Corporation Message Board

  • makeabuck makeabuck Dec 19, 1997 2:29 PM Flag

    I'm new at the stock market-Nervous

    I just started in the stock market about a month ago. I'm a recent college grad. with a little extra money so I figured i
    would through it the market. CHK is the only stock I bought. I bought it because a broker I went to school told me it's a great
    buy at the level I bought in at $11 3/4. The stock hasn't performed so far and I'm getting nervous. I didn't know that CHK was
    being sued I need more info. Why would the shareholders of a company sue it. I think thats what bezz14 said in one of his
    postings. Please anyone I need info on this stock. My broker also told my that the management team for CHK was top notch if thats the
    case why would they let the stock fall so much. Please anyone help me I feel like my friend(broker) has let me down.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If you have a reputable broker you must listen to him, because they are there to make you money and make money for
      themselves. They have to have client pool otherwise they don't make with the brokerage firms. If you have Ma and Pa stock broker
      immediately close your account and open your account with those big guy. Otherwise you will be better of doing your own research and
      investment decision. Read Waren Buffett and Peter Lynch's strategies. Happy Holidays...or GO TO MOTELEY FOOL PAGE www.motleyfool.com
      they have an excellent lessons on line how to value stocks and investment ideas.

    • If you have a reputable broker you must listen to him, because they are there to make you money and make money for themselves. They have to have client pool otherwise they don't make with the brokerage firms. If you have Ma and Pa stock broker immediately close your account and open your account with those big guy. Otherwise you will be better of doing your own research and investment decision. Read Waren Buffett and Peter Lynch's strategies. Happy Holidays...

      • 1 Reply to reji
      • Sometimes brokers know less than the indivdual investor. For example the company called DLB Oil and Gas that chk acquired is
        a joke. DLBI's latest earnings were a disaster. Their stock has gone from a high of 18 to 8 3/4. One company DLBI intends to
        spinoff as part of the chk deal is 'New WRT Energy'. This is a company just brought out of bankruptcy. Probably the only reason dlbi
        helped bring them out of bankruptcy was to recoup loans they had made. The company bdi that chk has an interest in had an IPO of 23
        and now they are down to about 14. I wouldn't doubt that chk will become a penny stock or worse go bankrupt when they make deals
        with lousy companies like dlbi and wrteq. Why would Amoco takeover this company. I would short chk and dlbi.

    • support is around $7.00 and is now going back up probably by april it will be $12.00 + happy hollidays !!!!!!!!

    • College boy Read "The Intelligent Investor" by Graham and Dodd, before you invest any more bucks in this high flying market.
      Also for $49.00 Year Join AAII American Association of Individual Investors.
      As for Chesapeake the sueing is about folks who bought at $30
      plus and have lost and don't like to lose, so they think some lawyers going to help them. That makes two strikes.
      You pay your money, and takes your chances.
      As for your CHK innvestment hang in for a couple of quaters and see if the earnings turn up, or cut you losses and get out.

    • First Lesson:

      Don't listen to your broker!!!

      Sincerely,

      A Broker

 
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