TraderMC, well said mate, I think the fact there was no huge spike then a mass sell off has been good for the stock. Let the news travel out into the market and in time the big broker house will re-rate this company.Its very simple really, not many stocks with exposure to a potential 12 tcf of Gas.
I think the only people who are upset are those DT's and frankly they are not always healthly for stocks as they tend to P&D them. Not that I have anything against DT's.
Once the news settles you will see this stock slowly and steadly rise to its true market value which in my opinion is risked at around $1.20 pre drill.
Im an investor and not a trader so Im happy to wait for my big returns. Hold Mog and Moe
MEO Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held