capped like crazy??, page-16

Like all speccies, MEO has always been a traders share to manipulate and always will be at these levels.

It has been going on for years now.

ATM it will take a while for the ST buyers in the 30s range to be filtered out. One poster yesterday was pleased he had three profit making sorties during the day and good luck to him.

There were so many accumulated by traders at the 33-35c range immediately prior to the announcement they are now 'shared up' to play the stock, albeit at higher levels.

Don't forget they are only looking at percentage margins and always look to play both sides of the announcements.

The choice is that we can tag along with the traders, follow their lead and accumulate/profit or continue to hold for the long term. It may not be a level playing field but if you read the sign you can play it safe.

As a new brigade of long term pre-spud MEOmites take over the SP will slowly stabalise and should, IMO, continue to rise in an upward trend.

The fundamentals of MEO are even better now because A#1 has been de-risked even further by gaining a farmin partner with technical expertise and a desire for success.

The stock will always be targeted because of the high content of retail holders and the rollercoaster will continue.

The spud is not for at least five months but the next hurdle is FIRB, which shouldn't be a problem.

Perhaps that will be another turning point as FIRB approval may open up the way for PB to add to their Oz portfolio. The same goes for MEO. A good management would like to play it safe and wait for the approval before moving on with their other projects. Likewise the instos before they come on board.

It all depends how you want to play it as an individual. DYOR, both FA and TA and make your own decisions accordingly.

But then you already know that 'cos my posts would give a parrot a run for their money:)

#:>))