11:00pm (EST) 1. Market Summary 2. Is Best Buy a Bargain? 3. Chesapeake Energy Looks Cheap 4. Week Ahead = = = = = = = = = = = = = = = 1. Market Summary There was a lot of action in the market last week between the bullsRead more
MomentumOptionsTrading.com Weekly Wrap for 8/1/10
Chesapeake Energy Up On Takeover Talks
One of our favorite stocks, Chesapeake Energy (CHK, $15.80, up $0.90), made the rumor mill rounds yesterday as there is speculation that British energy group BP PLC (BP, $42.70, up $1.92) is preparing a takeover bid. Man, don’t you love it when the M&A activity heats up? We’ve been downRead more
Weekly Wrap 12/07/08
Chesapeake Energy Sets New Low
Chesapeake Energy (CHK, $11.84, down $2.26) continued its free-fall today and is feeling the pinch from falling energy prices and increased inventories. Last Friday I mentioned the company was issuing more shares to raise nearly $2 billion in capital which would dilute shareholder value. Chesapeake plans to use the proceedsRead more
Market Reverses Course
Chesapeake Energy Put Options Hit Target
Here’s a quick update on what is going on with our Chesapeake Energy (CHK, $14.25, down $0.75) trade. The stock lost 5% today and over $2 on Monday after Wall Street seemed disappointed with OPEC having deferred a decision on cutting crude oil production over the weekend. Other energy stocksRead more
Market Down 400
Black Friday Update
Yahoo Jumps Despite Google Changing Mind
Yahoo (YHOO, $13.92, up $0.57) was back in the news again on Wednesday. The stock had a strong day despite the fact that Google (GOOG, $342.24, down $24.70) backed out of its advertising outsourcing agreement with the company. At one point, Yahoo traded as high as $14.84. There were manyRead more