Southern Pacific Resource Corp STPJF

And now TD Securities chimes in

[monzie]

They lowered their rating from speculative buy to hold with a 15 cent price target. I can't wait to prove them wrong

[pleazu69]

could be right, the hourly chart shows a gap at .15 then up we go IMO if it did hit it won't stay for long.  Im bidding .15 and .155 now my opinion is based only on TA of the charts GLTA

[monzie]

How about raising your bid to 16 cents so we can end in the green today and bring a smile to my face?

[pleazu69]

Ive been watching a few time today this was trading at .16 then TD would throw in a small trade in at .155 for 200shares then the TD report comes out. hmmm  Yes I did pay .16 on 50k but Ill wait to see what TD is up to beofre I move the rest of my bids up. GLTA

[pleazu69]

going over the tape TD says target is .15 but they sure are buying allot at .16 thinking they just switched over to house 001 as well Funny thing about MM's.  they say run away, and it always triggers me to run towards. Reminds me of the pyramid of capitalism, the banks will always try to fool you.

[monzie]

I wouldn't trust an analycysts opinion or recommendation if my life depended on it.  They get proven wrong so many times whether it's when a stock is going up or going down.  Heck TD still had a $1.75 PT on STP when it hit the 30 cent range for the first time back in July.  And then lowered their price target from $1.00 to 55 cents when the stock reached 10 cents.  

[ShatnersRug]

Ha. What garbage. If the share price further crashes I will not only eat my shorts, but Frank the Tank's as well. I don't care how much crotch rot he's got going on. Price targets should be completely dismissed no matter how positive or negative. We first need to see what the white knight deal is going to look like before making a call on SP targets. What we DO know: The ICD