I invested earlier in the year in a frack sand company, Select Sands Corp (SLSDF), after a favorable Gumshoe column by Myron Martin based on a Keith Schafer bulletin. Subsequently it has dropped significantly. Things happen, I know; the oil industry remains in the doldrums overall despite Mr. Trump, but, alas, I have held onto the stock, perhaps foolishly. Does anyone have a take on its current status? I’ve tried several times to contact Mr. Martin for any input or updates but to no avail. Should I cut my losses or keep the faith?
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Hmm. Due to the overwhelming response, I guess nobody knows. Or cares.
I hold this stock, I think its lower price is due to the depressed oil prices. I know that is a very obvious answer. Currently they are spending more then they are making.
Many insider sales and lack of revenue growth are all I need to know to avoid this stock. Without pending growth of revenue, forget about it.
Thanks for your insight, Gene.