Activision Buy

Bought 1000 shares of Activision Blizzard(ATVI) at $8.18 per share. ATVI dropped below its 52 week low today. Activision has $2.20 in cash per share on the balance sheet and no debt.

Sold Chesapeake Energy stock today for a 24% gain. I didn’t expect the stock to move up this rapidly. The stock went from $15.50 to $19.50 in one week.

Sold off the rest of Alcoa at $12.20. Alcoa has almost doubled over the past month.

Chesapeake Energy

Bought stock in Chesapeake Energy(CHK) at $15.50 today.  Chesapeake is the largest natural gas  producer in the United States. Natural gas has declined right along with the drop in crude oil.

Still looking at Powershares Double Crude ETN(DXO). DXO continued its decline and closed at $2.30 per share.