We now have the making of a very classic chart formation. A multi week triangle starting in June. Up or down? Which way do we break? I'm thinking to sell calls at this point.
Nice solid price and volume today. Now we need to close the 11/18 gap and we may start seeing value again. I still say they should put themselves on the block.
IMHO, greatly oversold at this point. Typical over reaction to analyst remarks. I am a buyer myself at this point, slow accumulation for me.
Still long, but you must admit, CHK has disappointed time and time again. The assets are worth far more than the valuation. Maybe time to put themselves on the block.