Stop Selling Chesapeake Short
By AZSC PLUS:What has happened to Chesapeake Energy (CHK) during the last thirty days is a classic case of panic selling. The news has been bad. The CEO/Chairman of the Board was discovered to be borrowing billions and leading a hedge fund on the side while his company missed its economic forecasts for the recent quarter. It was close to panic selling with each revelation. People whispered is this another Enron? Could the company fail?We witnessed a great bear feeding frenzy. Rational behavior was run off with the panic screams of "bear, bear!" Having been on many trails with many bears on them across the United States for the past fifty years, I can tell you a thing or two about bears and bear attacks. Generally, bears are looking for food. The bears have certainly gotten their full of Chesapeake Energy this past month. Now what?The masses do things theyComplete Story »
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