Tuesday, November 13, 2012

CHK new long...

I've watching CHK closely for quite some time...noticed a doji last friday combined with a hammer yesterday...I put in a buy-stop limit at $17.50 last night...got filled this morning at $17.51...so I am now long the name in MODEL 10....upside targets are $21-24....but will not be shy about taking gains....stopping out below lows of a few days ago which is $16.71...so stop at $16.59 right now....

risking 5.25% for +19%-31%

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