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Author: mungofitch Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 14196  
Subject: Knife on a table Date: 8/16/2013 3:31 PM
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I notice that the stock price of Chesapeake (CHK) has been flat as a table at $25 for 12 trading days now.
Pretty high volume for much of that, too, so it's not merely drifting.
Though it takes an intraday chart to see the strength of the effect, this is rather unusual.
There seems to be a strong difference of opinion among some big players
whether it's worth more or less than $25 a share.

Purely anecdotally, I find this kind of flatness is usually a bullish sign and the next move is usually upwards.

Jim
Suitably glad I switched from PMT.TO to CHK as my natgas-powered investment vehicle.
Of course, switching from PMT to almost anything would have been a good idea, I guess.
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