Jack Holland's  Instablog

Jack Holland
Send Message
Education: BA in International Relations, Masters of Public Accountancy Experience: Industrial Manufacturing, Oil & Gas Accounting, Educator, Writer Investment Experience: 35 Years
My book:
Wisdom Based Economics
  • Insiders Dumping Shares Of Sanchez Energy 0 comments
    Oct 29, 2013 12:59 PM | about stocks: SN

    Insiders have been dumping shares of Sanchez Energy lately.

    Institutions have also dumped shares to the tune of a whopping 5% decrease in holdings.

    In the past six months insiders have dumped over a quarter million shares on the market.

    Thus, if you happen to hold shares in SN and have ridden the stock price up to 30, now may be a good time to lock in your profits like the owners appear to be doing.

    Gas prices will likely remain depressed in the U.S for a number of years with all the new production coming on line. In Texas they are flaring so much gas due to overproduction that it ought to be considered an environmental crime, but that's another story for another day.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in SN over the next 72 hours.

    Stocks: SN
Back To Jack Holland's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.