meo chart, page-46

Hi TraderMC,

I enjoyed to be in Lynas and I doubled my money after doubling my money previously in Arrow. Lynas case was a big fight with Chinese supporters and we the opponents won at the end.

How to choose stock! I am looking mainly to fundamentals. Then charts to understand what the manipulators were doing in the past and what their intention could be in the future. Most of the time charts tell that story very well.

Now, MEO is in the hands of the manipulators. They always get in after we, the smart investors get in, but they take the control easily as we are thousands of people who have small parcels in comparison to theirs. The control of manipulators can be good for us as smart investors who check and chase everything very closely. It is good because the manipulators always take the stock to very high levels and ultimately dump again. If we can catch those price levels at the right time we can make a lot of money too. If there were no manipulators price would raise very slowly but steadily. See CUE, there are no manipulators on that stock but the price can't raise at the ratio as it raises for MEO.

Regarding to your question, "where do you think we'll go from here" There is only one way IMO; NORTH...! 10c up, 5c down..., 15c up, 7c down.., 20c up, 10c down. This is what I am expecting anymore. I will try to trade half of my holdings but I find it very dangerous in these days.

Because we are waiting for FIRB approval and don't know what stage it is in, I am not going to trade anything. The FRIB approval can come anytime in 2-3 weeks time. Now the manipulators need reasons to move the price up or push it down. It will be extremely hard for them find a negative reason to push it down atm. It would be very dangerous for them too. They might waste a lot of stocks while doing that. So there is only one way in the line atm; NORTH..! They may move the stock up 20-30% just because of the FIRB approval. They may even do that even before FRIB approval with the helps of some media news. (They use media very well as they have millions of dollars)

I agree with what IAM said on the "what price impact firb ?" thread. He said

"I think FIRB approval is the key, but not only for 360-P.

It is the final stepping stone for MEO to progress with their other projects as they will have the funds ($80m) for their other pursuits.

Whilst FIRB will have a positive effect on the SP, after all traders only need a sniff of info to ramp up MEO, it is the ensuing announcements that will gradually stimulate the interest of future investors towards MEO again."

Epeka explained his thoughts and feelings very well on the "Up not down" thread about how dangerous would be trading MEO now; He said;
"Here's what I am telling myself right now.
....
4. The likelihood (IMO) that we do not see another surge towards 50+ cents in next few weeks is very low
5. The likelihood that if I sell now and regret it in the near future is high.
6. The risk associated with a quick profitsell now and get back in lower)is too high as compared with the risk of missing out on the next upward surge".

I think there will be a lot of actions after FIRB approval, maybe right after that. NT/P68 farmout or appraisal by MEO..! Tassie Shoal MP and LNG projects will be in the pipeline...! New Venture Pragramme and opportunities as Jurgen said on openbriefing.com anns. He clearly said this "Late in 2009, we commenced a more active New Venture screening programme and identified a number of attractive opportunities to add to our portfolio. Execution of one or more of these opportunities required us to complete the farm-in first."

There is one thing very important for me now; I believe Jurgen is a good MD and CEO. He did what he was after as he promised. The delay caused by the issue with CUE was a big obstacle on his way. I myself had a similar problem in my business before and I know a problem like that one is so hard to solve in a short time, it really needed long time. It is actually not a solved problem atm, left to be solved in time.

I am very confident now. Even my wife is asking me every day if the MEO price is up again as I am looking very happy in recent days. I say "no, price was even coming down today, but I am very confident that it will go up no matter what it is now" I am also very sorry for the people selling their shares at this price by fear. Too bad for them.
Cheers