To me MEO feels like CDU felt just after it hit bottom in early Feb -doom and gloom and many detractors. The fact is, CDU has gone up 45% since then ..with no major news (ie. JORC).
With the time window closing for a positive ann., I predict a strengthening SP ....as we wait for major news.
There are lots of reasons why I think something will give with-in the next 2-3 weeks ..but I'm interested to hear learned posters opinions re this.
Cheers,
John S.
Disc: MOGGIE
PS Isn't it better to buy a stock that has depreciated ...before it goes up?
MEO Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held