CHK got crushed at the last hour almost everyday since last week. For me, it is like apparently manipulation more than fundamental issue. Any opinion?
Not exactly sure, but I know some prop traders like highly liquid low priced stocks with good volatility to trade. There leverage combined with CHK low price allows for BIG positions, sometimes a stock like this becomes a PROP FIRM favorite...therefore crazy volatility. Just a theory though...perhaps some of the prop guys can elaborate on this.
crushed in the last hour almost everyday...looks like you might have found something to trade. Granted by the time you start trading it, it will usually be over with basically. Sometimes not the case though.