Several large hedge funds and advisory firms sold large positions in Chesapeake (CHK -3.4%) in...


Several large hedge funds and advisory firms sold large positions in Chesapeake (CHK -3.4%) in Q1, showing CHK was losing some its luster even before its odd financial arrangements became widely followed. SAC Capital sold 91% of its CHK holdings in the quarter, Millenium 86%, Fidelity 59% (but still held $164M at the end of Q1).
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Comments (2)
  • pat50
    , contributor
    Comments (44) | Send Message
     
    Hedges sold CHK at 22-26. What are they doing now wth it below 14??? That is why information 3 months after the fact helps very little..Lots of rummored interest in asset sales..but only thing really noted in news is negative problems. Stock will drift until something comes in for sale
    17 May 2012, 02:50 PM Reply Like
  • tomwin
    , contributor
    Comments (10) | Send Message
     
    Is this turkey going down or is this just a buying opportunity?

     

    Also, is Ichan really going to buy back in or is this just a rumor?
    17 May 2012, 03:28 PM Reply Like
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