drops from ~$22s to $5+.
claim the $Billions loss in write-down to offset their gain? If so, it makes a lots of sense as Chk wrote down 》$15/share loss in the past year.
Shake-out, before pop up!
This actually great news as it mean chk will be profitable if crude is a bit higher than the average of mide $40s in the past 3 months.
Write down is a way for company to claim tax-loss only. If a big guy take over chk, the claimed 'loss' could be used to offset their profits.
Don't be surprised if chk turns green later today.
Insiders selling? SEC should get them as AA is big enough to catch attention.
Well, sometimes, thing does not make sense, and it is called opportunity.
with a profits if Crude Oil is around $50, instead of the old time $60.
Why still no warning -- today should be the last day to warn as warning is usually 2 weeks ahead. This POS drops from $10 6 months ago, bad news are expected and priced in.
Normally, warning period is 2 weeks before report.
Really, you would expect CY to warn as its stock price lost 40% from 6-month ago above $16.
Atmel rumor contributes to it too, but clarification does not help.
Everyone knew that $60/barrel for drillers to be profitable, but that was for FAT operation with overhead.
the market merely went up and down to about flat now.
Will mpel gain again?
Will LVS be able to hold well like on Monday???