Seriously, someone started an individual thread over on CHK this morning, and all that managed to achieve was trap a load of new traders pending CR.
They are all arguing over there now, one clown is trying to tell others the cash burn this quarter is $100k lol, Not hard to read the last 5b..it numerous times that, try $500k, but these types won't tell you that unless you check the recent cashflow announcement.
Oh not to mention they forgot to say CHK don't own any leases, they are in an obligatory farm in which requires substantial spending on exploration..money CHK don't have.
Really shows the importance to DO RESEARCH folks and not listen to halve truths .Seems every man and his dog are trapped in here.
drifta
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morning traders 17/10, page-172
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