MEO 0.00% 0.0¢ meo australia limited

manipulation part 2

  1. 1,377 Posts.
    lightbulb Created with Sketch. 344
    I don't know whether the drop in MEO's share price for the last 7 days was natural market effect or whether it was helped along by opportunists. There would have been many short term traders in the stock waiting to exit before drill results. Couple this the capital raising and that would have provided an ideal situation to force the share price down, down, down. The capital raising may have even provided the manipulators with shares to stack the sell side and keep the downward pressure on.

    Many were expecting something to happen this Monday. But from the more knowledgeable posters it seems that we're very near the target zones but won't really know anything for a another few days. This presents manipulators an opportunity to now pump the share up and make their profit. Any sudden strength in the share price would be seen as an indication that maybe a discovery has just been made. Just like the sheep panicked and sold they'll rush back in.
 
watchlist Created with Sketch. Add MEO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.