Well said orgone! I think most of us who belive in the farmout...

Well said orgone!
I think most of us who belive in the farmout going through, but took profits last week or early today, and who decided not to jump back on at 61 now are happy we made the right decision. When it hit 63 again I thought I may have been wrong. Looks ome traders bought in at high 50s and sold out. Good luck to them!

This week may turn out to be a downer by Friday. 1st weekly loss in sometime. I doubt it will last - one or two weeks max.

Thanks for the charts - a tool we all appreciate.
Volume, general Aussie market/dow/overdue for consolodation/ and of course most importantly knowing the MEO story are all tools we need to win. All stocks have a story. We saw BIG rises and I doubt if another one is coming this week! More like down or sideways from now. I see a 53-56 bottom - then up and down to 63 before a breakout in 2 weeks or so. IMHO If it held 63 today would be rethinking. As it did not I stick by my post earlier today! Best to wait on the sidelines!