One thing different about trading the last couple of days was the way MEO, MOG and CUE rose together.
The main play was MEO but money was placed in MOG and CUE at the same time.
Traders know that CUE and MOG will rise along with MEO and with low volume/SV it does not take much to pump them up to give the appearance of a leak.
The retail content of MEO SHs has always made it a good target. All it needs is a newspaper article to set it off.
The Bot trader and those that played against the Bot would have made >10% profit (32.5-37).
The Bot sold at 32.5c to accumulate, bought yesterday to push up the price. Bought into MOG and CUE for the smoke and mirrors and sold all three today to complete the attack.
They don't care about the ann only %ages and are now pushing the SP back down for it all to start again.
It's easy if you have the financial backing/brokers to do it.
Just a thought and something to look out for.
#:>))
strong opening, page-53
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