Southern Pacific Resource Corp STPJF

why no movement

[poorgrammar]

this morning? its stuck at 20 k volume

[demarko]

Not sure how this stock is stuck as such lows. Mostly low bottom feeders buying and selling. The SP is attracting sharks that could take us out for cheap...thoughts?

[ShatnersRug]

Perhaps. Perhaps not. What I do know is that some very influential big money is taking on large positions in the oilsands. This has been going on for the past few months. Because of STP's production issues, this big money steered away from it. However, now that the ICD method has proven itself, it's my belief that these larger investors have and will take on a position in STP. A take out?

[Pandora]

Over the last 20 days we have dropped 6 cents -- roughly 1 cents every 3 days. As we are now at 14 1/2 cents if we maintain that same decline rate going towards a news item another 20 days (to last week in March) takes us to 8 1/2 cents. What are the odds? Or do we now stop at this level and basically hibernate unitl the next numbers come out? Talk about a disaster, ticks one off when they can'

[adamsight]

That would be inline with my projection of a worst case and I will be topping up a couple million shares if that happend. Buy stp loose the house seems like a good bet at .09

[ShatnersRug]

Sorry boys. This lemon has been squeezed to its limit. Good luck with that though.

[pleazu69]

Im keeping an eye on the weekly chart, it looks like its near the bottom of a down trend. however everytime the intraday chart gets bullish, shares get thrown at the bid side. It sure looks like its being walked down to the .10 level first, if .14 breaks...you might want to keep some powder dry.  It will be a tightly coiled spring if it does hit .10 IMO.

[robertshaw]

Yes, the weekly chart shows 0.105 is looming...,

[wittmann]

At this stage it doesnt really matter if the price drops anymore does it really?What I do is look at the future and say to myself is the upside going to be greater than the downside(which as you seem to  hope is 5cents).I would think the upside is better in the long run,but to each his own  of course.The problem with these stocks is despite what people say or think a trading halt with