Asteroider, Your Quote:"If I traded CFD's, which I don't, I would consider shorting this today for a ST pullback.
28% overbought over 20 days for 84% of issue traded, 13% overbought on 8 days for 58.7% of issue traded.
My view just based on those numbers, and no knowledge of corporate activity apart from the prospective gas play." My Comment: Charts & numbers may be great but the fundamentals are the essence of why we own any stock. Meo is in the fortunate postion of having excellent fundamentals along with an excellent chart pattern, so I am very bullish on this stock short term. Given you don't trade CFD's, its probably not good advice to be telling someone to short MEO merely on "your numbers". I don't play the CFD game & I certainly wouldn't be advicing anyone to even play that game or even worse to short a stock that I know little about on its fundamentals. Regards Buffett
MEO Price at posting:
53.5¢ Sentiment: None Disclosure: Held
