panda was right but now im buying more, page-23

Hi Yowom

You are right. The big money has rushed into Index stocks that were so badly hit over the past few days. The next few days should see a reasonable SP rise on MEO if the Dow holds.

MEO will re-enter Heron and this time they will case the well all the way to prevent collapse. They will drill a horizontal well and then they will pressure/volume test and the results will be far greater than expectation.

With the results from Blackwood they will easily get a farm in partner and additional cash.

The share price will quadruple, but to get all of this you have to wait and hold for a few months. There will be some smaller gains from pending petrochemists report and news of the next Heron drill.

OR

Punters can try and time the market and sell now at the bottom and attempt to re-enter just as the SP starts to rise. However, the problem with that is getting some insider info as to when they will re-enter Heron.

For me, I will sit and wait. I may take a paper loss in the short term but over my 40 years of trading both as a fund manager and retired trader I have learnt to wait where my judgement shows me value and opportunity.

Angers