BOO HOO HOO !!! Try This, when it goes way down, buy some and when it goes up, sell some. If that does not work for you sell and but a US Savings Bond.
I did not say load up as hall ! Time to buy some and hold and perhaps trade a bit. I care less how much shorty gains or loses, i only care about me. You are welcome to do what you wish.
jimcooper, Someone who is not familiar with you would be impressed by one of your lead posts. But someone who has been around the block who reads a number of your posts can tell you are a "fruit cake". Shoe me the money!!!! Suit them,send me a check and i will give you more credence.
Blue sky, If you are in CHK at this level you should not have a worry. Trade a little on highs and lows if you wish but no need to worry. What if shorty pushed the price to $10? Buy a bit to sell later if you wish . For day trading WTI the leveraged do 3X ETF UWTI/DWTI work great. CHK would be a boring day trade for me.
Push !! ? . what do you mean like a bowl movement? This is a long term play on petroleum. If you wish to day trade UWTI and DWTI will work better.
Kel, "I went away in May"with a handsome portfolio return and became bored in July and started back with my usual trades and was slaughtered. This year has not been good. Presently 50% cash ,will probably hold and little energy and increase the cash. it seems to me this interest rate thingy will need to be history for the market to start returning to normal.
It the words of a great philosopher Alfred E. Newman "Why worry?" Trying to invest for the future can lead to great loss as well as gains. Going with the trend is a proven winner every time it's tried. My personal preference is for a interest rate increase in or by September. That way we will have a little correction and a nice tax sell off in December. Then we can start 2016 fresh.
The only problem I have with a CEF is the possable lack of liquidity in a market collapse. I would stay small and plan on riding out any bumps. I will take a look myself.
CHK will recover as the oil market recovers . Carl and shorty can look out for themselves,I don't care how much they gain or lose. If recovery takes seven years there will be opportunities for hundreds of trades.