Reflecting negative lead from Wall St and perhaps the continuing fall of KAR. Also beginning to cut through Stop Losses. See it probably dip lower today and perhaps a small rally later in the afternoon dragging it to around 64c. That would be a pretty reasonable result.
On the positive side, don't forget this will ride well on the back of the Farm-out deal, should it go through. Nothing has really changed.
MEO Price at posting:
62.5¢ Sentiment: Hold Disclosure: Held