So almost everyone here agrees that MEO is destined to shoot skyward in a matter of weeks when Petrobras or Statoil etc open their wallets...
I too like the warm feeling of this optimistic view - and I'm forever wondering if I should just mortgage the house, kids and dog and just buy buy buy MEO (or MOG/CUE).
However..to play devil's advocate..if it is all such a simple equation and a sure thing why aren't people buying and driving up the price? Ok, I'm sure I'll hear that some 'bot' is capping it - but who cares, we can all buy at these apparently low low prices...
Latest quote from Commsec...
134 buyers for 3,816,791 units
325 sellers for 8,622,663 units
=> ~5m more sellers than buyers - are they waiting for a short term euphoric spike to cash in? Don't those foolish sellers read this forum!!
Could it be that Mr Market knows best and the MEO forum frenzy is a bit ahead of itself..?
Anyone got any intelligent ideas about this one?
Cheers and good luck to all. Hopefully those sellers will be eventually proven to indeed be fools.
bbeenn
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