Once the shorts are gone what normally happens? A plunge in price? Likely since there is no support under it from the shorts.
Problem is, it likely will go another 20 percent lower from here. Sure it's good long term, but now is not the time to start buying. Dec. will be the time to buy.
Yeah right, if you stay long you will stay wrong. 75 is more likely sometimes in two years. Iwatch is a dead bomb and China no longer will buy the overpriced phones. That's fact jack.
I would not touch it unless it holds 120 in the coming two weeks. If it breaks it's going to $100! No brag just fact.
Before this decline is over, it will print $5! Does that answer you question?
Now that was a great movie. SD appears to be the same movie. Long and drawn out and a little boring but in the end, it's frying time, or should I say crying time. I really do hate to see so many loose their jobs. But with over 4 billion in debt and bonds yielding 40 percent recently, it's just a matter of time.
The chart says the next minor level of support is $80 and will be hit soon. Major chart support is at 75 and will also likely be tested in the weeks ahead. It is in a strong downtrend and the selling looks to increase and gain speed on the way down friends.
Bankruptcy for this stock will be a very close call here! Buckle up people, CHK is going to new lows. The oil price colaspe is real!
The reason mulch cost more is supply is limited. It's all about supply and demand and I don't care if it's toilet paper or oil. Right now there is way too much oil, low demand and increasing supply make for a low price. It will continue down until supply decreases. I see another $10 down my friend.