MEO 0.00% 0.0¢ meo australia limited

at 29.5, page-2

  1. 649 Posts.
    oh yes fundamentally ridiculous

    but anyone who thinks the price of a stock always remains within a reasonable range of fair value is kidding themselves.

    interesting battle today ...who will win?

    1/ Mr Bot chipping away at 29.5 hoping the panickers panic; or

    2/ The MEO believers who know it is worth more and refuse to sell.

    LT holders.....ask yourself this.....if I panic now and give in to Mr Bot......do I really think the move down will be permanent or do I believe that even if it does crack 29.5 it will come back soon so no point worrying about short term moves.

    I am in the latter camp. I couldnt care less if it drops a little more. It will come back in my view so whether it closes at 29 30 or 31 cents today I could not care less.

    watching minute intraday moves is a nonsense unless youre day trading with a very short term horizon. worrying about intra day moves when you bought in for a longer time frame return is silly.

    I know one thing...I won't panic. No need to.
 
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