Southern Pacific Resource Corp STPJF

1 million to 13 million in 15 minutes

[adamsight]

You should call the cfo and ask WT
heck
The day before an update is out someone dumps 12 million shares into the market.
If this is a planned cross, why the day before the update, if its not.
Then Its hard question time. 
Not everyone can reach this guy.
Please call him today and seek an explanation of this large volume trade?
Perhaps asking for a halt before someone calls the tsx about it would be a good idea.I am sure its all up and up but if the exchange halts it, it will not be good for anyone.

[zanadu123]

Monzie where r u? Can u walk to cfo's office and ask him? Wtf is going on?

[nikehercules]

No answer from CFO phone. His number is [phone] I think we'll need our own STP support group soon....

[green24]

Well it was essentially in 2 seconds.  Of course it was a planned cross.  You can't do that sort of volume without having a buyer lined up. You were warned days ago.  I said it would get to .25.  Prof got all TA and called for a bounce at .25.  Now you've had it. Why?  Obviously someone wanted to lock in a capital loss, and someone else wanted a big ol'

[nikehercules]

Green24, Thanks for the analysis.  For myself, I see no point in selling at these levels. However, if you were a big house and you had bought in at 1.48 last year during the offering, you'd look like a schmuck whether you sold at 0.38 or 0.25, it's still a huge loss and the difference in tax loss insignificant. What we do know is the insiders typically tend to move the price on low