MEO 0.00% 0.0¢ meo australia limited

more ann. to come any day. sp will rocket...., page-30

  1. 3,017 Posts.
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    Ohc,

    I don't think the Moby/5% ann today had an impact. I would summise that the drop from 43 to 42c was profit taking after yesterday's rise.

    I think you have seen most of the T+3 traders (or insiders) sell out already, so if it was going sub 40c it should have done it by now.

    What I think we are going to see now is the likes of ahpigsy who sold out expecting a significant drop, buying back in at 42c+ to avoid missing the next rises and after waiting so long. I have said before that I think this is headed to 60c+ pre-drill without any new news. The last bit is important because MEO are now cashed up so may now have a few moves of their own or are a lucrative target.
 
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