CHK halted. @ 29.83 now

What is going on with CHK? Up ~50% today...

CHK back open.

$30,000 Millionaire said:

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This is demoralizing for a short to watch. $3T in stimulus, unlimited QE, junk bond purchases, 26M unemployed claims in the last month, impacted earnings, low guidance, high likelihood of a wave 2, and suppressed demand, yet we are likely to break out of this channel and move towards a full retrace.

What the F.

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If you aren't entering and exiting positions daily/monthly, just be patient.

It doesn't make a whole lot of sense.

But, the rug will get pulled.

I'm on HAL 5/15 $9C at $0.70. It's had a good bit of flow. Not touching WLL, CHK, OAS, or NBR

I just placed a 50 call buy on 4/24 WLL calls and went net free in 30 seconds. Insane

IrishTxAggie said:

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I'm on HAL 5/15 $9C at $0.70. It's had a good bit of flow. Not touching WLL, CHK, OAS, or NBR

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The latter are 100% short term day trades. Trash names that are bankruptcy risks but are squeezing out right now on the oil price "recovery".

IrishTxAggie said:

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I'm on HAL 5/15 $9C at $0.70. It's had a good bit of flow. Not touching WLL, CHK, OAS, or NBR

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In on this one at $0.72.

La Bamba said:

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IrishTxAggie said:

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I'm on HAL 5/15 $9C at $0.70. It's had a good bit of flow. Not touching WLL, CHK, OAS, or NBR

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The latter are 100% short term day trades. Trash names that are bankruptcy risks but are squeezing out right now on the oil price "recovery".

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Oh, I'm well aware. the rug can get pulled any minute on those though. I wouldn't mind owning HAL at $9. Owning any of the above is a different story.

If DFS gets over $36, it can go.

Anything on TTOO lately? Missed the past couple days of discussion.

My trading pattern has really had to change over the last few weeks. I have set aside reason and learned to just follow the money.

Rice and Fries said:

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What is going on with CHK? Up ~50% today...

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Penny stock pump and dump

PPAag06 said:

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Anything on TTOO lately? Missed the past couple days of discussion.

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It's going to have some random spike days like last week which are probably the opportunity to sell, but mostly will just kinda hang out (like ONTX)

Remember TTD at $150 last month? Yeah good times.

$30,000 Millionaire said:

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This is demoralizing for a short to watch. $3T in stimulus, unlimited QE, junk bond purchases, 26M unemployed claims in the last month, impacted earnings, low guidance, high likelihood of a wave 2, and suppressed demand, yet we are likely to break out of this channel and move towards a full retrace.

What the F.

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The federal government is actively fighting you without any kind of moral compass. They just gave Harvard millions in free tax payer dollars under the guise of helping Main Street.

Sure seems that CADE doesn't want to be below $5

DFS trying to break to a new daily high.

XOM testing $45 today, will it drop back down to $40 before the weekend? i'm in with a good chunk at $36 and wondering if i should lock in some profit and repurchase back at $40 if/when....

I'm kind of debating the same. I'm in at $33.

Prognightmare said:

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If DFS gets over $36, it can go.

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Please dear lord baby jesus, would like to break even on the weekly 36.5 calls I got yesterday...

Every knee shall bow and every tongue shall confess

E said:

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Prognightmare said:

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If DFS gets over $36, it can go.

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Please dear lord baby jesus, would like to break even on the weekly 36.5 calls I got yesterday...

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$40 would be great

In xom at 31ish. Looks like model T is around 50. Was thinking about cc if it hit 45, but may wait to see if it pushes to 50.

Outlier flow.

What do you mean rug will get pulled?

khaos288 said:

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bullard21k said:

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What do you mean rug will get pulled?

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Main street and wall street will get married, and main street has 26 million dollars in credit card bills/debt

Wall street will get drug down

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On the flip side, everyone has been thinking that for 2 weeks now...I have no idea what to think at this point

bullard21k said:

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What do you mean rug will get pulled?

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People are buying, buying, buying with FOMO on their minds and then all of a suddenly, there's no more buyers and the only way to dump the pump and dump is to take a huge loss.

gougler08 said:

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khaos288 said:

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bullard21k said:

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What do you mean rug will get pulled?

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Main street and wall street will get married, and main street has 26 million dollars in credit card bills/debt

Wall street will get drug down

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On the flip side, everyone has been thinking that for 2 weeks now...I have no idea what to think at this point

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But the realities are still true. FOMO is strong in SPY with insanely low volume, and 26 million people are still out of work.

Those people aren't all going to magically be employed when we re-open. And you don't instantly default on loans/bills. You have a month or two of savings, and then the trouble starts. Once we start hearing about those 26 million missing mortgage, car, credit card bill payments, you'll see the fear come back. Especially because the virus cloud will still be around.

How bad that is? and how bad that impacts the market? Impossible to guess.

bullard21k said:

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What do you mean rug will get pulled?

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Over-exuberance leading to a massive selloff.

Market was extended 11 Yr bull late last year.

We're dead square in the middle of the worst economic outlook this century. This isn't simply a light-switch turn everything back on, and things will go back to Feb 2020.

I don't want to steer to far off the trading path here, otherwise I'll get a "talkin' to", but we're on the front side of a lot of pain.

Looking at Kinder Morgan...they actually raised their dividend today but less than was projected. But they are down today ~2%.