Eagle & Beagle
Here's a little piece of stock market trivia that may interest no one but me.
The Standard & Poor's 500 was down Friday, after finishing up Thursday. It was the 12th consecutive day that the index had reversed course — the first time that has ever occurred.
In a week when few Oklahoma stocks registered gains, our best-performing local issue was Chesapeake Granite Wash Trust with a 4.6 percent gain. Faithful readers may recall a couple of weeks ago, CHKR's price fell after a critical online column, which also suggested that the decline might create a good buying opportunity.
A later online column by a different author on the same Seeking Alpha website contended CHKR was “a screaming buy.”
The market, much like those who write about it, can quickly change course.
Our beagle has fallen and it can't get up.
Oklahoma City energy company GMX Resources filed for bankruptcy protection last week, which is about the worst news there is for a shareholder.