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Respect Yourself

Floyd35 Wrote: May 04, 2012 6:57 AM

I found out the hard way that you can't always believe the hype about a stock. They tell you what they want, or what they think will please you. You have to search long and hard for the truth. Always figure a stock is only worth about half of what they claim it is valued at. Always cover your butt with hedges and don't trust no one.

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Respect Yourself

Leadership or lack thereof is without a doubt one of the biggest problems in America today. Yesterday, one of the biggest news items in the market was the continued collapse of the Aubrey McClendon's image as business maverick and celebrity CEO to a guy that maybe saw himself above it all.

The nerve of and vision of an old school wildcatter McClendon and Ward started Chesapeake Energy (CHK) with $50,000 in capital and ten employees. They revolutionized horizontal drilling and went after unconventional reservoirs. The stock was the stuff of legends climbing to $65.00 in June 2008 from $2.50 in...