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Southern Pacific Resource Corp STPJF

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.


GREY:STPJF - Post by User

Comment by BREAKMAN1010on Apr 11, 2010 2:00am
478 Views
Post# 16978941

RE: Putting on a Trade then Going on Vacation

RE: Putting on a Trade then Going on VacationDude relax if u get the stock fo 1.28 then enjoy no need to worry about losing cash and vacation go enjoy yourself this stock will hit 2 oe 3 within a month or 2 so buy and relax dude ,Also your order should be able to have a order for a sell no prob just click on trade and put in your stop loss badda bing your done This stock rocks and stop over at TMM itll be going bananas soon buy now and hold on GLTA ----------Original Message Posted 4/10/2010 4:53:17 PM---------- This is more a trading question rather than a comment on STP but I figure that some of you could give me an answer since I'm sure that you do all your trading online. What I would like to know is if you picked up STP on the close on Friday at 1.28 and you had in mind a Risk = 20¢ and a Profit = 40¢ which would give you a
Stop Loss = 1.08 and a
Sell = 1.68
Is there ANY online broker that would take both above orders on an OCO (one cancels the other basis)?
I don't know of any and I find myself having to decide constantly whether I should be protecting my position with a Stop Loss order or exiting the trade with a Sell order. This stinks  because it forces me to keep a closer eye on the markets than I would like. I'd like to know that I could buy STP at 1.28 and go on holidays knowing that I either get stopped out at a loss or sell the stock at a profit. Is this scenario possible at any of the online brokers?
Thanks
John
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