The pullback in the world share markets could be good for MEO's share price.
Firstly, it probably means we will get a Christmas rally. Share markets had been rising non-stop for the last 2 months. I was doubtful that there was anything let in them for a rally. Now MEO could be announcing a gas discovery right in the middle of a Chistmas rally.
Secondly, the day traders have probably been too busy chasing other stocks to even notice MEO. With a market pullback those stocks will be dropping. We might get them switching into MEO.
- Forums
- ASX - By Stock
- MEO
- pullback in markets could be good for meo
pullback in markets could be good for meo
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online