MEO meo australia limited

declining volumes..., page-31

  1. 15,276 Posts.
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    Ya...

    I am actually expecting the market to run the stock up in the interim as you suggest...BUT...sell it down prior to reaching their target rather than buy it up right through toi results.

    I base this on the once-bitten twice shy sentiment influence likely to prevail given recent failures.

    Even after it is sold down however, I expect the pre-results stock price to be significantly higher than current prices.

    Given this scenario, we may therefore expect the price to run a little quicker than some might expect, but then pull back when some might expect it to keep running.

    Of course positive indications during the drilling may impact the pattterns somewhat.

    Can see it now...numerous rallies on "encouraging" indications as the drill gets deeper and deeper.

    Mostly manufactured, but I guess a rally is a rally.

    Lets see.

    Cheers!
 
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