tough day ahead - will she buck the trend?, page-2

It will probably follow the usual trend of going lower today. The short termers have been riding this for a while now.

It's always hard to pick with MEO like you say but it has changed tack and been following the DOW for a little while now. It will probably test the lower resistance again and maybe give back yesterday's 3c gain. I hope this is all it is. OA's lower trendline is around 63c - I don't think it will go there.

It's always hard to know whether to sell and accumulate at a lower price. The risk is that it doesn't go down enough to get back in because of the ann due in Oct. With no perceived 'deadline' other than 31st Oct it might be safe.

I am looking for the upward trend throughout October so I will be holding as usual. In hindsight I could have increased my portfolio over the last couple of months but it's hard to go against my long term association with MEO.

I always keep in mind the outside influences don't alter the fundamentals of MEO.