Spyglass Resources Corp SGLRF

1.62

[darkstream]

someone tried to juice price in the last minute with a 5000 share purchase -back to 1.59 bid at close -probably a snake like Wright

[bonjovi501]

Boy we sure started out good and what happened? Looks as if we will retest our 52 week low soon. I will be buying more if it happens.

[soberinvestor]

Bonjovi, it is still good, it indicated interest and that somebody have someting up the sleeve. This 1.62 signalled to me accumulation process started. Those in-know will never let it go straight up, surge and supress again, again and again untill it gets out of the cage and fly to infinity. Just patience.

[hawk35]

I would be watching for 1.45 to 1.50 as an entry point.  Without the confidence of the markets and with their costs being so high, this will drift lower until management can show they can deliver the goods.  Even at 1.50 don't expect it to rise to quickly.

[sanityseeker]

I'm quite surprised that anyone here believes steps would need to be taken to suppress the price of this poorly run leveraged up company, or that it could ever soar to infinite. Further, if those in the know were in fact keeping price down to undervaluation levels, I woul expect to se some insider buying now or soon. If running a company poorly could result in a future soar to infinity, there

[soberinvestor]

or that it could ever soar to infinite Then look at CDH. Some year or so ago I got in at 1 and bailed out at 50 cents, stupid me, like probably many selling now. 4 fold up from then today and it was 5 fold for a while. Come on, bail out naives as I was, won't spook me now, I wait for your shares to load up on the cheap.

[sanityseeker]

Okay. CDH.TO - This is a company with no debt, earnings in its last fiscal year and decent cashflow. Apart from these fundamental positives, the chart looks much different than SGL. CDH was once a 10.00 stock, and is one that was actually able to perform well in the presence of recent tailwinds, unlike SGL. I agree that buying things cheap is generally a good idea, but I wouldn't compare what

[soberinvestor]

I appreciate your in-depth analysis. You’re absolutely right except on “casino”. IMO markets are a casino, do it since 1994 and year over year it’s becoming more of a casino than investments, technology greatly contributed to that so yes, I put blame for all my misfortunes on technology, and every bread eater should. With CDH I was referring to similar situation. Doesn’t matter what it is, of

[soberinvestor]

Sanityseeker - look at penn West, another one I missed at 6-7, now they saying it is undervalued. Looks like you are exellent technocal guy but do technicals work anymore. It's naive to think that enfranchised entities do not manipulate markets. Suppressing good companies using different technics like incl. but noit only heavly indebting a company good assets could be one of the tricks to take

[sanityseeker]

Soberinvestor - pardon the blunt style of my previous posts. We may agree on more than we disagree on. I don@t doubt that there is market manipulation out there. I am just not sure that the high volatility in the commodity sector, and consequent large run ups in various securities from time to time, are necessarily always signs of manipulation. Further, where there is manipulation I am not so sure

[soberinvestor]

You’re absolutely right on several points however from my experience (20 years) whenever stock is down like this people always b..tch at management and call it incompetent. It is hard if not impossible to figure out whether slide is caused by incompetence, manipulation (it exists to some point anyway) or just general market conditions. Look at NVA, I traded it, make few back, bailed out and never

[sanityseeker]

I hear you Sober. And You could find posts on other walls where I defend management and point out that a low share price isn't necessarily the fault of management. Market conditions and certain hiccups are often outside of managements control. How management conducts itself is the only fair test, and particularly in tough conditions. Take Alcoa for example. They have persevered through rough

[soberinvestor]

You are the most intelligent basher I’ve ever come across with. You make some valid pointes though however you wouldn’t do that if you held the stock would you. It would be simply against your interest. I assume then that you are either shorter or waiting for a “puke” to accumulate. If you are shorter then you obviously believe in what you say 100% and just follows it through. If you are waiting

[sanityseeker]

I accumulated last year between 1.58 and 1.80 and have divested of 2 / 3 of my position recently in the same range, so I still hold a very small position. I liked the price for the underlying assets when I bought, and management had not yet had time to execute poorly, so I liked the risk reward profile. I post out of frustration and in the hopes management may be pressured to act right. I thought

[soberinvestor]

Remarkable, you just past the test, I apologize for the “basher”. I same as you have about 1/3 what I would like to invest in it. Almost bought another 1/3 the day TD dropped its target, somebody was calling for a “puke” and I’m still waiting for. Have a look at LTS, as far as I think SGL will take some time to revive (divvy is still sweet, even if the cut it now in half) LTS again made few back

[soberinvestor]

One more thing, do you think same of LTS same story or tiny bit rosier? 

[sanityseeker]

Can't speak to LTS. I've never looked at their financials (hope that makes me sound like less of a know-it-all;)