Southern Pacific Resource Corp STPJF

Explanation of the walk-down

[ShatnersRug]

Cross for a 1,000,000 shares at an agreed-upon price.

I despise MMs.

Well guys, there you go. Walk-down is done.

[tp0052]

Thank Shat, The one good thing a walkdown allows, is a chance for long term and new investors alike to get in at a cheaper entry point. I added more accumulation today @ $0.31. Holding long as per the norm :) It's nice to have the confidence now to watch our investments grow. The walkdowns are short lived, which is unlike what we all have experienced over the last six months. Saving for my

[ShatnersRug]

If you set your bid at 31 cents based on my post, I'll be expecting a commission.  Alcohol will do nicely.

[poorgrammar]

Shat i have your shot of good stuff in the brown envelop having it express post to u... lol got in at 31.5

[nikehercules]

We're bound to see more walkdowns in the future. Here's an interesting zerohedge article: https://www.zerohedge.com/news/2014-04-01/hft-rigged-market-how-rogue-algo-destroyed-bats-ipo Bats IPO walked down from $16 to 0 in less than a second. I wonder if this latest STP walkdown was human driven or was a bot programmed to do the dirty work. Anybody input from professional/institutional

[nikehercules]

Altacorp! I recall they did a big cross of 6 million shares back on Dec. 10th before the big crash. For the buy and hold types this action is quite irrelevant. Note the SP was being held down yesterday, similar to the SP suppression before the ICD news release. It is great news for those accumulating. Congrats to all those who got a little at 0.31!

[Eyeinvestor]

Walkdown? Zzzzzzzzzz. If someone had a million shares to sell, the MMs are entitled to get paid. This stock is not about 31 cents vs 34 cents. I know that is 9%......but its about is this a thirty something or a fifty something? Oh and if you want to buy a block of 1 million, I have a friend who can help you at 35 1/2. He doesn't care a fig about the long term outlook, all he does is provide