Replies to post #11029 on SandRidge Energy, Inc. (fka SDOCQ)

[doumdirty]

How many share did he have? And what other big boys are holding?

[brandemarcus]

I still think he has a position in the Preferred stock. He( Fairfax ) acquired a large amount when they were issued and if one looks up the historical volume on yahoo for sdrxp and sdrxn there's not enough volume to indicate he dumped. Now perhaps it was an arranged sale to Carlyle for the pfd stock?!

[Helter Skelter]

Yes he did.

Fairfax sold in the first quarter before March 31st, not recently:
http://gurufocus.com/StockBuy.php?GuruName=Prem+Watsa

Last 2 days of Q1 > Volume of 57.2 milly March 30th, 32.5 milly March 31st. Should have taken care of it. His may have been dumped all in the first day...

IF someone with power and a decent stake in this pos needs to...may see a healthy bounce. Otherwise, the pos is toast. Charcoal. Pre-oil.





IF it's gonna bounce, should do so hard (don't get greedy, 50% max from O18 to O27)...the start of any bounce (could be today, tomorrow, the next day or never) will be obvious...in and out quickly traders...JMO