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SandRidge Energy, Inc. Message Board

  • daninfw04 daninfw04 Jun 12, 2013 4:16 PM Flag

    Patience

    Total Shares Held: 282 404,210,566
    New Positions: 34 27,819,865
    Increased Positions: 111 52,032,545
    Decreased Positions: 128 46,303,430
    Holders With Activity: 239 98,335,975
    Sold Out Positions: 45 10,469,166

    These are actual totals for all institutional and fund trading for Q1 ending 3-31-13. As you can see, there is a net gain of 23 million shares added not sold in Q1. I am so tired of bashers saying funds are selling. One idiot did an article where his analysis discovered that hedge funds had dropped from 31 with positions to just 28 with positions at end of Q1. This idiot doesn't think it more important that the 28 added 23 million more shares that all the sells combined. The 3 that sold may well be looking for new positions themselves soon.
    I also just went over the proxy materials. The four guys TPG added to the board is like a Who's Who of executives with oil/gas industry experience. I just went from 60,000 to 120,000 share position as of today. Patience will be rewarded. DaninFW

    Sentiment: Strong Buy

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