I would also like to direct you to another stock, of which I have no position, with a similar event of MEO. Have a look at the charts for ALL. You will see a large sudden drop in SP, about 20%. "O no!" say the people and sell and sell. There is plenty of buying however as the share price doesn't drop down much from open.
Over the course of a few days several ann's come out regarding change in substantial holds, most showing a large increase in holdings, CBA included, plus directors buying.
With MEO I'm sure similar is happening, however the buyers have probably hidden the fact with multiple holding accounts, they don't want people to know so they can continue to get cheap shares.
The hardest part about investing and trading is controlling your emotions, I still do stupid things because of emotion only to find the logic was indeed sound a month later.
A Vulcan would be a master trader!
MEO Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
