Chesapeake halted 22 times yesterday - short covering massacre

https://www.marketwatch.com/story/c...rly-triples-after-22-trading-halts-2020-06-08

Holy Moly! I thought, I have seen it all but Chesapeke yesterday - legendary day!

LOL! ROFL! LMAO!

 

There was no short covering massacre.

Traders are smart and they don't blindly short the market.

It as a long trader victory.

 

Ii was going to buy puts 2 to 3 months out but they were way too high...aside from that when I saw how much it jumped i thought yep those crazy markets are up to know good again. Money just chasing anything and everything

 

Had my best day ever with $25 CHK calls from Friday. Fun move!

 

What happened to guys like Corey,Eric P and that guy named David ? I've been a full time trader since 1989 . I was on here in the 2001 for a while and i recall those guys .I know a lot of traders who left the game

 

Corey is still around with a few of the other guys, not sure which David you mean, and I haven't heard from Eric in years.

 

David was the crazy trader .He had some mental issues . He swung some $500k days .

 

Rearden Metal

 

Oh yeah, he wasn't part of the group...but I remember seeing his crazy days.