tntgators

Loss of Clarity on Chesapeake's Peak

One of the largest steering factors had to do with profit taking, and options expiring. The big boys steered the stock and took their profits coming and going. I believe one could almost ignore the past weeks as all energy stocks saw the same action. $70+ cleared the upper hurdles and low 50's cleared the other. The fundamentals have not changed and they make good money at $10.50 and they have billions of dollars sitting in the ground.