Southern Pacific Resource Corp STPJF

As I noted before.

[alfino]

I wouldn't bet on any 'leaked news', as we saw last week the big jump was initiated by big institutions to get the people started on buying and as it was proved to us there was no good news behind the big jump last week. and same is happening here again..they accumulated chap shares at .180 and .190 and now they want you to buy it at .250..unfortunately i believe this thing will go down all the way to .140-.150 before anything else happens and I'm pretty sure the sells are already triggered for next week. I am personally going to wait till those prices are reached before looking at this again..

cheers !

[nikehercules]

I think there is a simpler explanation. Altacorp is sitting on millions or even tens of millions of shares either owned by themselves of managed by clients. These shares were part of capital raises that were above $1.00. Altacorp knows STP's financial situation, they raised the financing for McKay. Obviously they have made their decision and are liquidating into any type of strength. Altacorp