ho hum, page-51

sir johnny boy,

I agree it may take off one day and I had traded CDU back then, but if you read between the lines of my post I am suggesting it's better to wait for confirmation of a turn around in MEO than enter when falling compared to the majority of stocks. If you entered purely waiting on news I think it's highly speculative. The Chart will start to pick up when smart money re-enters long and that will be my buy signal. Charts move dramatically when TO offers hit the table but not so dramatically on drilling results or joint ventures. Maybe you miss the cream but you don't loose the cake trying to pick a bottom. News comes and goes and often the market will be slow to react. Look at the OBJ. I sold my OBJO too early I admit and took 40% profit which later went to 130%, but it's now back below what I bought. Not perfectly traded but the point is, someone lost 40% to me and someone lost 130% to someone else because they were waiting on news. Management at BOW could teach Jurgen something about under promising and over delivering imo.