MEO 0.00% 0.0¢ meo australia limited

why the big selloff ?, page-31

  1. 1,152 Posts.
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    I agree with all and sundry. However, I do think that the brass has to take some responsibility for the forces driving the shareprice down. If there were constant updates along the way, volume would be greater, and the register would be tighter. Shareprices always fall on low volume, low news.

    I know, we are all banging on about the FIRB approval and some suggest that the 'approval' has been factored in already.

    In my opinion it has not, and I can be guilty for contributing to driving the SP down on Friday. I simply stacked the sell side so as my Buy order was sold to. As I accumulated shares I added to my sell side. I got my parcel in the end. At a good price.

    Why? Because IMO the SP will bolt on announcement. And I wanted more and to leverage.

    So don't fret.Don't listen to rumours. Somehow you gotta think that the sentiment for an imminent factoral announcement begins on Monday. Shares are held tighter.
 
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