MEO 0.00% 0.0¢ meo australia limited

Interesting stock. With all the talk surrounding the farmin etc...

  1. 322 Posts.
    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
 
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Currently unlisted public company.

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