CHK is finalising a deal to sell its position in the Barnett shale of northern Texas to a privately held player in a move that could allow the US shale giant to pay down its high debt load.
Anyone knows about this deal?
Monday could be a big day for CHK.
I don't use stop loss.
MMs(your brokers are one of them) have theoretically an absolute power to take out any stop loss,,,theoretically.
Practically,,, the trading algorithm do that all the time when the spreads are reasonably close.
The algorithm is not any superior to human except it has no emotion.
If you can control your emotions,, you can beat the machine.
How can you beat the machine ???
Because the machine,, the algo is designed to mimic human emotion of the mass.
You simply act opposite.
Please allow me to ask you a question.
Let say a stock you invested in drops suddenly cleaning up your stop loss and then it goes up again. The chart suggests the upward move is genuine. Do you feel comfortable to buy it back at higher prices??
I am pretty sure it is very painful to buy back in this situation. Most traders give up. But you must fight the pain. The machine tries to drop again to clean up more stop loss. As long as upward trend is intact you must hold.
ps: it is absolutely impossible to get rid of human emotions. It is not only impossible but also not recommended.
Life without human emotion is as dead and useless as a rock and maybe it is better to point a pistol at our heads and pull the trigger. The name of the game is Control of emotion,, not Eradication.
Across the sector.
People are not selling.
But on up day,, they are buying aggressively.
Hope the second leg of handle on Cup&Handle are completed by the Aug 3.
That might coincide with oil at 40 on that day.
Strengthened dollar which in turn lowered oil price.
Longer term it is positive as more G20 nations will drop money from hellicoptors.
Also lessens the chance of rate hike by Fed
Shorts are my slave friends.
Don't whip them too much. They need love.
Imagine 91 million shares trying to exit all at the same time.
CHK is a daytraders' heaven.
It goes up and down so predictably I can't help laughing at the traders who do Wash&Rinse operation including myself.
It is a good sign.
Granted,,, daytraders introduce more volatility but some of them will become long term investors.
ps: I am holding 1/2 for long term investing while 1/2 for daytrades. I termed it Hybrid Trading.
Moron Stanley is famous for the Kiss of Death
Things unfold exactly opposite of what Moron says.
I don't know about the end of year but
Fossil is more than a commodity.
Fossil is a weapon of mass destruction.
Few years ago there was a shortage of rice which resulted in the widespread riots in the middle east.
As fossil war escalates , the price will increase.
Anyone who thinks we can ever increase production is an idiot.
Oil ain't junk drink you pop straw to suck in.
If it is that easy to expand production,, why do they go to North and South Poles to explore ?
Existing sites vomit less and less fossil. We have to search constantly for the new sites which is harder and harder and more expensive to find while at the same time the demand is increasing nonstop.
Like or not we are still in the Age of Fossil
I am short on oil but not NG.
I can afford to be wrong because I generated lot of profit from going long on CHK,MDR,DVN,SWN and more.
I will ride out the NG longs and I will cover oil when it hits 40 or 39.
I think oil will oscillate between 40 and 50 like Ping Pong game for a while before it heads higher,, much higher.
Too many nations depend on the stability of oil price. Oil is more than commodity. It is a weapon of mass destruction.
Thanks Butt No thanks.
I am making butt load of money doing Hybrid trading on DVN,CHK,RIG,SWN.MDR
Like I said , Oil is in Ping Pong mode 40 50.
You make money both ways.
ps:Hybrid Trading ==== Hold fundamentally bullish stocks or sectors for longer term(3 years) while trading the same stocks for short or long.
I went long on oil at 32.
I am now short on USO,RIG since Brent broke 50. I will cover when oil hit 40. It's a Ping Pong Game.
The reason oil is going down now is not because of supply glut the media is crying about. You never listen to the media unless you want to lose money.
GL to your trading.
Tudor, Pickering, Holt & Co. is an integrated investment and merchant bank providing high quality advice and services to the energy industry. The company offers sales and trading, and research coverage on more than 170 issuers worldwide. The firm’s investment management complex has more than $1.9 billion AUM dedicated to the energy space. Headquartered in Houston, Texas, TPH also has offices in Calgary, Denver, London and New York.