Market Day Summary May 2nd

The day started with exuberance and joy from the news about BinLadin's death and ended up selling off.  Silver got hammered to the tune of 9ish% and major U.S. equity indices sold off roughly 1/5th of a percent each…except the NDX, whch stayed flat. For...
Chesapeake Energy (CHK) Short-Bet Update

Chesapeake Energy (CHK) Short-Bet Update

After yesterday's sell-off in CHK I initiated a short position, as discussed here: http://steadytrader.wpengine.com/chesapeake-energy-chk-failing-at-important-levels/ Today the energy sector is getting a bid (XLE is up 0.90%) and CHK is playing along, up...