Today announcement has cost me dearly, sold out 24.5c on a 55% loss. I thought this time would be different. I was wrong and will have to live with that decision. This is a big setback. I only jumped back into MEO last week so its even a more bitter pile to swallow.
I will eventually pick myself up and dust myself off. I will go back to where there is good money to be made and at much higher success rate.
I just feel sorry for the poster who said he was holding ~1.5M shares.
Sorry for everyone today actually.
MEO obviously dont have a clue. Talk of cash backing is not important here, no one in their right mind will ever touch these shares again. 3 strikes and you are out! Any future ventures will be at much less favourable terms given the 100% failure rate. I expect a downhill slide form here. The only thing to save MEO now is if Pbas decides to proceed with further drilling. I doubt it.
Anyway this is not my problem anymore. My sentiment at the moment would be a clear TOU violation.
C u all around
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