Apart from all the guessing going on about what has happened to the share price of late. IMO today was also a crappy day just about across the whole board let alone globally.
I actually thought there was a bit of panic selling going on, not only in MEO but in a number of other stocks that I hold.
Saw this a couple of weeks ago with the Irish and what happened, the sharemarket bounced back. I expect this will happen again as the bargain hunters get in for their chop at the cheap prices.
At the end of the day, if you firmly believe that you hold a stock that should be moving on the up, irrespective of what is actually happening on the market then why panic and sell. MEO IMO is a company that does not have idiots at the helm. We should know soon some of the names of the investors in the latest CR. We also have a report on the drill due on Thursday.
From my end, I am hanging in there. Like KIWI67, I have my steel undies on as well.
MEO Price at posting:
48.5¢ Sentiment: Hold Disclosure: Held
