Stupidity Pays off for You!

Last post 04-22-2012 11:47 AM by Robert Biegler. 2 replies.
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  • 04-20-2012 9:04 AM

    Stupidity Pays off for You!

    Some people just never learn. In 2008 Aubrey McClendon, CEO of Chesapeake Energy lost a very large percentage of his stock holding due to risky "Hedges" he placed using leverage....He publicly stated he was stupid and would never do that again...Guess what?....This time he did not borrow from a Broker...nope he borrowed it from the company...1.1 BIllion...yes Billion...So Let us all say Thanks to Aubrey and make some money on his stupidity...the stock is currently in the Loss mode...If you gots some guts you could short it here and watch for the turn around...or just wait a few more days and buy it at the low...probably going to go down to around 7-8...Chesapeake will rebound with or without Aubrey...
  • 04-20-2012 10:14 AM In reply to

    Re: Stupidity Pays off for You!

    And this is what we pay million dollar bonuses and give tax cuts to LOL
  • 04-22-2012 11:47 AM In reply to

    Re: Stupidity Pays off for You!

    Dang I hate it when that happens....Well while the intent of the Post is still valid...good time to buy CHK...but it turns out Aubrey not so Stupid after all...The two articles I had read did not accurately describe the situation...It is not a hedging issue this time...The loan is for his purchase of interest in wells the company drills...Actually a Win/win for the company and Aubrey...but it is something that is unique to the oil and gas industry and therefore threw wall street for a loop...also the amount is quite shocking...never the less it brought the price down and may continue to do so for a couple of days....this makes an opportunity for us all to make some buck on...Not Aubreys stupidity, but analysts....Of course this won't be as bad as the original story so it will not go much lower than now....but this one is seriously under-valued..... Sorry I doubted you Aubrey, go get em...
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