Scorers: Stranraer - C Thomson (20); Alloa Athletic - Flannigan (70) and J Robertson (73)
TWO GOALS, each owing to a large stroke of luck, in three second half minutes saw Stranraer's hearts broken against Alloa Athletic.
The Blues turned in one of their best performances of the season in a game which they dominated for large spells.
Ultimately, two sizeable deflections helped Jim Goodwin's men ensure there was a sting in the tail as they came from behind to win.
Brian Reid made two changes from the team who won 1-0 at Hampden Park on Hogmanay.
Joe Nuttall and Giuliano Morena dropped to the bench with a recall for Craig Malcolm and a debut for David Wilson, signed on loan from Partick Thistle.
The Blues were well on top for much of the opening stages and had forced more than half a dozen corners before making the breakthrough.
Unsurprisingly, it came from a corner with Craig Thomson bulleting home a header from Willie Gibson's cross.
The home side were enjoying plenty of possession, although they could have perhaps tested Neil Parry more in the Alloa goal.
Still, there was a feeling Alloa were a little fortunate to only go into the break 1-0 down.
Stranraer fans could have been forgiven for expecting an onslaught in the second half but instead it was more of the same until the 70th minute.
Substitute Iain Flannigan's free-kick looked on target but an easy take for Cameron Belford before deflecting off the defensive wall and looping agonisingly into the opposite corner.
If that bad luck was not enough, another sizeable deflection teed up Jon Robertson to blast home from eight yards just moments later.
Still, the Blues could have and probably should have taken something from the game in the final quarter of an hour.
Thomson was denied a second by the impressive Parry and, when the goalkeeper was beaten, Malcolm was denied when Andy Graham cleared off the line.
Stranraer: Belford, S Robertson, Dick, Barron, Bell, Wilson, Turner, C Thomson (Nuttall 81), Gibson (R Thomson 88), Agnew, Malcolm.
Not used: McKeown, Morena, Maley and Currie.
Alloa Athletic: Parry, Taggart, Waters, Marr, Graham, Goodwin (Flannigan 65), Cawley, J Robertson, Spence, Kirkpatrick (Longworth 84), Hetherington (Holmes 78).
Not used: Hoggan, Hynd, Martin and McDowall.
Referee: Craig Napier