To me it seems quite clear that someone is capping for the purpose of accumulating. Friday is set to be D-day. My question is-What then? I beleive a good announcement is priced in. A great one will surely lead to an explosion in sp. Anything average or below must lead to a panic dump and sp collapse.
If it is a good announcement at least, I do beleive it will run some, leading to the start of a little profit taking, leading to huge profit taking, in no time. Thus, I can see how alot of people will get burnt.
Am I just too negative with my outlook? Does anyone agree with me out there, or does everyone beleive we are moments away from having a sp in the dollars?
MEO Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
