whilst i have held for some time in MEO, saying a stock is underpriced can be a dangerous move as a reason to buy into a stock. You have to look at the market around you.
At the moment all bets are off, until the market finds a bottom. That might be today, but it might also be at Dow 9000. In my experience it is better to act and protect your equity than sit blindly whilst markets fall around you. If you have the equity to ride it out you can choose to do that. Is it a good decision? Not if you could have bout back in substantially lower. The question - will you miss out if you sit on the sidelines? in my opinion normally not. but that may be a risk worth taking. Often you find that sitting out for a week or two makes little difference. Good luck everyone, make your own decisions based on the trading rules that work for you.
MEO Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
