yourve got to be kidding right...? we have seen this trading behaviour on numerous occasions over the last few years... Im very suspicious, and would wait on market announcements... I believe it is manipulation at its finest... Ive called this before on this thread... meo is 30% higher today because it is so sort after, all of a sudden... yeah right ! I believe that today was the 2nd highest volume for MEO ever... This is nothing more than an insto, large player, having a dabble to swing trade... I will make comment next week...
This could be very profitable for the average market participant over the next while, as the big buyer will want to keep pushing it up to create a breakout as others come in... or will get flushed out as continuous sellers push out their orders...
This is a hype play, not a value play...
be very careful...
If you want to invest, then wait on the company to realease some info... pay a higher price... but then again, reduce your risk... tradeoff... fair value right now is still 5cps...
MEO Price at posting:
9.9¢ Sentiment: None Disclosure: Not Held
