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Bullboard - Stock Discussion Forum 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... see more

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > The short report is out
View:
Post by ShatnersRug on Apr 22, 2014 8:31am

The short report is out

As at end of trading day April 15th--
Volume shorted: 918,700
Change: -107,000
Shatres Issued: 397,958,603
% of float: 0.23%

What does this mean?

It means that I was wrong about these shoemakers shorting at 38 cents to take advantage of the fixed date news release.

It ALSO means that amongst the investment community, STP is considered a BULLISH investment.
Comment by canada110 on Apr 22, 2014 10:38am
Bullish? Every since I bought in it has gone down.. 26 cents now
Comment by ShatnersRug on Apr 22, 2014 10:48am
If your threshold has been reached, you should sell. In MY opinion, the SP is being driven down because we are seeing a generational buying opportunity. And savvy fund managers realize this. Trading algorithms are going to make these guys, as well as savvy retail investors, a lot of money. MY opinion ONLY. Like I said, if it's too hot for you in the kitchen and you are breaking your own ...more  
Comment by canada110 on Apr 22, 2014 10:50am
Shats, I don't disagree with you, I'm just saying god dam ...LOL
Comment by tp0052 on Apr 22, 2014 10:50am
Patience my friend ... there are a lot of long term shareholders here that I'm sure have bought a lot higher. Good news is around the corner and with patience will come reward. This is not a stock to daytrade, as others have stated. Hang tight :) All the best!
Comment by ticket2ride on Apr 23, 2014 5:30pm
It ALSO means that amongst the investment community, STP is considered a BULLISH investment. Read more at https://www.stockhouse.com/companies/bullboard/t.stp/southern-pacific-resource-corp#0t5jLzlJp1fk2lV9.99 Hey Rug you said: It ALSO means that amongst the investment community, STP is considered a BULLISH investment. Read more at https://www.stockhouse.com/companies/bullboard/t.stp ...more  
Comment by ticket2ride on Apr 23, 2014 5:34pm
Sorry all, sticky paste button. simply put...Bullish indeed. T2R
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