CHK: McClendon Sells Out!

Landis82 · Oct 10, 2008

Over the past 3 days he received forced liquidation margin calls.

He's out.
Announced after the close on Friday
:eek:

AAAintheBeltway · Oct 10, 2008

Do you think this puts the company in play? Nice pickup for an XOM or BP.

rodmike9 · Oct 10, 2008

see XTO's...... CEO

dsq · Oct 10, 2008

he sold 33million shares...he bot em on margin?what the fk?is he a ceo or stock trader-he sucks as a trader.He should stick to his day job-that is if he has one anymore.Maybe he can hang out on cramers linoleum floor with a bottle of gin?

AutoMate · Oct 10, 2008

Quote from dsq:

he sold 33million shares...he bot em on margin?what the fk?is he a ceo or stock trader-he sucks as a trader.He should stick to his day job-that is if he has one anymore.Maybe he can hang out on cramers linoleum floor with a bottle of gin?

Or maybe he "and his good friend Boone Pickens" will have more time to focus on saving the U.S. and the world pimping 'clean energy' . Mc Clendon won't have that pesky distraction of conflict with his personal stock holdings.

dsq · Oct 10, 2008

Quote from AutoMate:

Or maybe he "and his good friend Boone Pickens" will have more time to focus on saving the U.S. and the world pimping 'clean energy' . Mc Clendon won't have that pesky distraction of conflict with his personal stock holdings.

just what we need 2 billionaire egomaniacs asking taxpayers to subsidize an infrastructure to deliver for them, their product.Chutzpah.
I wonder how bad pickens was hit by the the energy crash.

Landis82 · Oct 12, 2008

http://www.secform4.com/filings/895126/000089512608000463.htm

Check out these sales by Aubrey.

:eek:

The Kin · Oct 12, 2008

I guess company tanks on Monday?

RussellDaytrade · Oct 12, 2008

down 148M, that's not too bad, all things considered

http://www.secform4.com/insider-trading/904719.htm

ralph00 · Oct 12, 2008

Quote from The Kin:

I guess company tanks on Monday?

Maybe, maybe not. My guess is McClendon's sales are what was driving down the price. Sell the rumor, buy the news. Look for CHK to outperform on Monday (I won't say go up, because the market might crumble around it!).