back in business

So, in the past 24 hours, the Dow had a flat, low volume day (night before last). Aussie traders looking for guidance took this as bad news (feeble?) and dropped 70 point. The Nikkei reacted similarly. The Europeans initially thought, "Hang on a second, have we missed something?" and the FTSE consequently dropped to -1%", before they realized that the Asians and Aussies are bearish fools who aren't currently showing any economic leadership. The FTSE steadily rose back up to close to where it opened, and rightfully so. The Americans then woke up scratching their heads, thinking "What the hell are these guys on about?! The global markets drops by 1-1.5% just because we had a lazy yesterday?! Lucky some of us can think for ourselves, haha...". Nevertheless, the Americans sold off about 0.6% (DJIA) early on just to play it safe, but then extended upon the trend set by the Europeans earlier that day to finished 0.22% in the green.

The Dow is once again positive and MEO is cheap given the circumstances. It may drop down to 0.485 at some point but I expect decent growth of this stock in the next 2-3 weeks in line with Rallypoint's latest chart.