In my opinion many many punters are in and out of this stock looking to trade the stock for very small margins , which is fine , but can trend stocks down in the short term
this is evident in my opinion as the stock tends to fall away as the hour before the market close draws closer and people need to cl;ose out positions , with no updates we see a gradual sell down .
One day though the many many shorts who take early shorts ,could get caught with big buy orders in the afternoon if there is news that is positive , I expect this early next week
I see a 20% downside risk but unlimited upsdie raik so as a small part of a portfolio think the risk is well worth it , if i do see buy volumes lift in the afternoon tomorrow or friday i think that will be my buy signal to load up
MEO Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
