MEO 0.00% 0.0¢ meo australia limited

Thumbs up iam - no one knows what to do atm. Risk being out or...

  1. 536 Posts.
    Thumbs up iam - no one knows what to do atm. Risk being out or risk being in?

    We can basically consider October to be just like September, the market said that it was prepared to sit at around 60c in anticipation of good news.

    In expectation of the ann, it rallied but got pulled down with the delay. Now in October, we can see the SP trying to do the same as September, ie - look for happy ground +/- 60c ahead of the ramp up in anticipation.

    I'd really prefer to see it holding in the 70's ahead of an announcement but I am happy in the fact that what we are seeing is the exact same thing we saw last month - a SP of ~60c and people waiting.
 
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