The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, September 02, 2005

CHK Is all Gassed Up

You know I think its bullish when I see company insiders buying tons and tons of their own company stock. So you can only imagine my surprise when I saw the insider purchases and buys on Chesapeake Energy (CHK) almost a year ago. I already knew that this stock had potential. So what did I do? I did what anyone else would do. So I bought some when it was around high 18's. Since then, I have traded it several times, keeping a little, selling some, buying more...you know how it is. Now, months later and with a price of 32.85, you have to ask yourselves, "Is this still a good buy?!" Yes Sir! The fact is, Insiders are STILL buying. In my opinion this stock could easily touch $40+. Who knows? With the insane swings in gas prices, anything can happen. Regardless, I'm long CHK.

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