This stock is hot because it creates the perception of easy money. A good story and lots of impressive jagon with illustrations to match.
ITS THE FLAVOUR OF THE MONTH.
The gas segment talks in terms of billions. It can be an illusion.
MEO has attracted the punter in a big way, its also attracted the day trader. He loves this game, thats what he is very good at, trading on volume turnover.
The problem with this type of stock is that once a sniff of bad news appears, desertion. The uneducated are caught - big time.
This stock you trade for the short term.
Remember in June it was 10 CENTS. Its a day trip back.
MEO Price at posting:
52.5¢ Sentiment: ST Buy Disclosure: Held
