$CHK Yesterday saw two events which greatly pushed technical capitulation. The breakdown below 1.26 initiated a slew of Algo selling, and the 2nd once we broke $1 as most hedge funds by mandate can’t be in a position under that point. Cooler human heads will wake up this morning and begin to correct this, along with stronger oil and news will bring us back over the $1 mark. If you’re short congrats on taking advantage of the amazing price movement in your favor. If you’re still short, then you have balls and a much better understanding of the market than I. In any case good luck to both sides, I am long 10k at .85
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