Southern Pacific Resource Corp STPJF

When the chum runs out....

[ShatnersRug]

.... the sharks feast on each other.

Most of you do not have detailed Level 2, so I will provide you with some fodder.

Many retailer investors have sold their shares during the recent institutional feeding frenzy. I haven't seen this kind of brazen equity bullying for a long time. But the SP at some point reaches a level when even the sharks can't resist but to take a bite out of each other.

T-STP Trades
10:18:27    M    0.2975    -0.0075    500    Anonymous-    CIBC
10:18:27    M    0.2975    -0.0075    12500    Anonymous-    CIBC
10:14:25    M    0.2975    -0.0075    10000    Anonymous-    RBC
10:04:54    M    0.2975    -0.0075    10000    Anonymous-    RBC
10:04:49    E    0.295    -0.01    1000    Anonymous-    Qtrade
09:55:12    M    0.2975    -0.0075    500    Anonymous-    Fidelity
09:55:12    M    0.2975    -0.0075    1500    Anonymous-    Fidelity
09:49:40    M    0.30    -0.005    500    Anonymous-    Scotia
09:49:40    M    0.30    -0.005    9500    Anonymous-    Scotia
09:46:07    T    0.30    -0.005    10000    Questrade-    Anonymous
09:42:57    M    0.30    -0.005    500    Anonymous-    CIBC
09:42:50    M    0.30    -0.005    500    Anonymous-    CIBC
09:42:07    T    0.30    -0.005    10000    Questrade-    Anonymous
09:30:10    T    0.30    -0.005    300    BMO Nesbit-    Ind Trading
09:30:10    T    0.30    -0.005    3000    BMO Nesbit-    Anonymous
09:30:00    T    0.305    0.00    362    Scotia-    Ind Trading
09:30:00    T    0.305    0.00    5000    Pershing-    Desjardins
09:30:00    T    0.305    0.00    4000    CIBC-    Desjardins
09:30:00    T    0.305    0.00    5000    CIBC-    Anonymous
09:30:00    T    0.305    0.00    5000    CIBC-    Anonymous
09:30:00    T    0.305    0.00    3000    CIBC-    Instinet
09:30:00    T    0.305    0.00    1000    CIBC-    TD Sec
09:30:00    T    0.305    0.00    3000    CIBC-    TD Sec
09:30:00    T    0.305    0.00    4000    CIBC-    TD Sec
09:30:00    T    0.305    0.00    1000    Scotia-    TD Sec

Bids at 29.75 cents are intercepting sell orders for 29.5 cents. It means that "Anonymous", or a broker is willing to pay a premium to the current sell in order to win out on other bids.
These bids don't show up on any but the most advanced of trading platforms, professional brokerage access only.

Anyway, since these trades occurred, some have sold at 29.5, and it could happen that the SP will unfortunately dip lower. Although my feeling is that bottom is here, or closeby. If it goes any lower, the last NR will be all but discounted by the market, and to me, that is sheer insanity. The big money has done a phenomenal job in battering the SP. If I see more substantial x.xx75 and x.xx25 trades I will post them here. It's usually a good sign when sell orders are intercepted by these bids.

Shareholders will have to wait until the operational update before the sharks release their grasp, it seems. Can't wait for May 9th.

Resigned Shat-

[tp0052]

That's Shat! As usual your insight is appreciated! I wonder ... If STP management is serious about adding value to their shareholders, then why are they not releasing monthly operational updates to help add value to our investment? As it stands right now, all gains from a quarterly update will just be eroded over time, with big money controlling the play? Don't see the logic in that

[alfino]

The management is working hard to reach their major operational goals and get this company to it's full potential, and that's when the management and everyone else is going see the real value of STP. they are not really concerned with the little day/monthly trader running away with their .29C a share, and to be honest I wouldn't be either, and personally i'm not  a big fan of