Recent

% | $
Quotes you view appear here for quick access.

Standard Pacific Corp. Message Board

jbm8118 2 posts  |  Last Activity: Jan 25, 2016 2:33 PM Member since: Aug 24, 2006
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Only a fool would short TGA down here

    by farml1234 Jan 22, 2016 7:40 PM
    jbm8118 jbm8118 Jan 25, 2016 2:33 PM Flag

    Yes, I agree they look good based on todays update but I feel the oil deflationary cycle is just heating up it feels like we are in the 3rd inning. I feel large money investors will be dropping little stocks like this each day the prices stay under $40, plus the fact that this company generates its profits in rough areas of the world. The bigger multinational energy companies are safer bets for the big boys, I feel this company share price is going to get much cheaper. But still a good buy in the long run, as long as that $126M can last with $20 to $30 oil for the next 24 months worst case. Just my thoughts. I have a small short position but I plan on buying this stock again in the future, great management, just hope they can survive the crunch right now.

  • Been a while since I posted. Hoping this company survives the oil price downfall. My brokerage trading software shows a descending continuation triangle on Nov 12, 2015, showing price is likely to fall between $0.10 and $0.60. I of course am shorting now, but I feel that if we hit these numbers it will likely mean a buyout instead of bankruptcy, which would then mean a rally again for share valuation. Does anyone else feel the same or have other thoughts on this?

    Sentiment: Sell