It's hard to borrow stock to short an IPO. It's not impossible but it's difficult. Also, the underwriters usually support the IPO for the first week of trading.
Bloomberg reported after the market closed that the Saudis have declared a truce on their oil war. Oil is going to go higher.
CNOC's bid was $1B more than XOM's but CNOC lost the bid for the Nigerian fields. Nigeria is one of the most corrupt countries on earth. XOM Is now officially under investigation in Nigeria. Read the Guardian article:
Bloomberg is reporting the Saudis have declared the oil war is over. Oil prices can now begin to normalize (go higher). The truce is great for CHK's share price.
Nice pop today. Up 6.34%
We're up 13% in the past week.
Just ignore people who are rude to you on a message boards.