The stock dropped about 28% from a high of $74 to its current quote of $51. At these levels, CHK shares offer a great risk/reward, and I want to be a buyer.
Further, Chesapeake Chairman and CEO Aubrey McClendon is a voracious buyer of his own stock. And when the CEO buys, I like to buy as well. Last week, McClendon bought 750,000 shares at $57.25 for $33.4 million in total value. Right now, you can buy shares lower than what he paid. Sounds like an opportunity to me. -- BUY
NYAllstar > Trade Notes
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NYAllstar: Trade Notes
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