MEO 0.00% 0.0¢ meo australia limited

Call me a conspiracy theorist but rather than this being a pump...

  1. 4,136 Posts.
    Call me a conspiracy theorist but rather than this being a pump and dump, it has all the hallmarks of a dump and pump.

    I kept looking at the volumes being traded during the past weeks and could not see anything but heavy accumulation. Final straw for many holders was the selling by JH of part of his holdings which made it all the more easier for the well connected to get onboard prior to what I am convinced will be positive news, either re Heron or what PBR will do.

    I made the decision after the quarterly came out with it's very detailled "we don't have hydrocarbons" announcement to mentally write off my MEO shares but to hold onto them no matter what. This makes it easier to ignore the daily fluctuations in the SP and wait for the inevitable news.

    Sure in hindsight I would have been better off to dump MEO after the drill and plough my cash into FAR which I also hold but for me, MEO is the the one stock that I can't get out of my system.

 
watchlist Created with Sketch. Add MEO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.