WE have to watch these waiting days or we are likely to get stuck into one another.
My investment theory is to play off risk and reward.
With MEO, I see very little chance of a sustained fall in the share price as there is so much happening. But on the reward side I see huge potential. We have done values on this before and so have analysts. With success at HS1 and Gurame, the upside is over $2.00.
The short term downside is probably no more than 12 cents and that will only be a buying opportunity.
So I am risking 12 cents (If I sell) to make $2.00 and I'm much more comfortable with that than having money in Blue Chips which go nowhere.
Lets keep it together today. We have a tight band of MEO followers and we are about to become wealthy.
Cheers all.
MEO Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held