I totally agree.
If we find gas next week as the technical analysis indicates which is the reason Petrobras is here. Then this could prove to be the biggest sting since Find Cotton (a.k.a. Bold Personality) pulled off a massive betting plunge. That sting actually failed because the people behind it were idiots. We're dealing real pros.
Day after day the share price has been squeezed down. It's starting to look so orchestrated. Every morning MEO briefly goes green and then the dump starts. Before the market opens and after it closes the sell side is fairly thin. But throughout the day the sell side gets stacked on and off. Always a few points off the buy price. Given that a lot of the short term traders want to sell it's easy to force them out which just causes a flow on effect.
At 43c you looking at a maximum loss of 20c or less and a potential gain of 20c, 40c, 60c, who knows?
I wish good luck to all those that will hold to next week.
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