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Cheniere Energy, Inc. Message Board

  • craigcrrd craigcrrd Jan 3, 2013 11:43 AM Flag

    Wow insider selling big time 194,500 shares 1/2/13

    over 194,000 shares sold on 1/2/13 get out before it drops plus over 93,000 shares sold in Dec.and 485,000 sold in more in Oct.

    Sentiment: Strong Sell

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    • Actually you IDIOT those were not sales on 1/2/13 but rather in late December. 1/2/13 was the filing date of the Form 4s reporting the sales. Those few insiders sold before the end of the year so they would not have to pay higher taxes in the new year on those shares. I do not blame them for doing that. For example Souki sold 100k shares on 12/28 but he had over 3.5 million shares including the 300k he holds indirectly through a trust. So 100k is a very small fraction of his holdings and I do not think that sale is that big of a deal considering the tax situation. On the other hand I do think you are an IDIOT for not knowing completely what you are talking about.

    • As usual. Idiots posting with no links to back it up.
      Yeah run from this stock. All it has done is hit a 52 week

24.46+0.81(+3.42%)Feb 9 4:01 PMEST