Interesting stock. With all the talk surrounding the farmin etc it is not, IMHO, showing strength at all. The market has showed very solid growth over the last month and a significant number of stocks have increased without any major story attached to them, I have traded MEO 7 times since 24/6/09 (22c) and i am surprised how it has stuggled over the past week to hold it current position with all the hype surrounding it. I know that it has already increased considerably over the past 3/4 months, but i would have thought it should have increased in the current market rise I currently hold a significant parcel which i hoped to trade into the late 60/70's and hold a the balance for the farmin notice. Dispite the CEO announcing that the stock will proberly be rerated it has not reacted. Just concerns me a little
MEO Price at posting:
62.5¢ Sentiment: Hold Disclosure: Held