Browse > Home / Talking Heads, Winning Trades / CHK: Call to short it this morning at $47.50…

CHK: Call to short it this morning at $47.50…

March 19, 2008 8:03 PM

Just after the open I posted to short CHK at $47.50 and said it should not clear $48……hmmm down a mere $3.70 ( 7.7% )…. I have mentioned since friday night that the trade on this stock was to wait for a chance to get short (again). I saw that chance this morning…. I also said to short on Monday for a 4% gain. Today was a little easier.

I also mentioned that if it stayed low that the pressure should be on later…BINGO. I smelled at least $44 on this stock sooner rather than later…but didn’t expect it today…ha.

Cramer’s roaring bull call on CHK Friday is beginning to grill…but is only medium rare thus far. I think the bull should be cooked to at least medium well…

If it gaps down tomorrow…look for any sign of going positive into the close. If it can get positive after a spike lower, you may want to take 50% off the board. If it opens higher, it is simply another chance to put another hammer to it…or should I say…BLADE

Written by · Filed Under Talking Heads, Winning Trades 

Comments

Got something to say?