I'm sure there are some big players that are in the oil and gas mix that are into MEO....and while they may not know the whole story, even knowing that a deal is a week away or a day away can make the difference.
They could then shake the tree such as what might have just happened in the last hour of trading. My greatest fear was that these same players knew something had gone pear shaped in the negotiations.
I'm not gonna pretend to be above it all, my sphincter muscle was in a locked position to stop any mess when it dropped 10c in all of a few minutes, but if you believe in the fundamentals of a company then you should be able to weather it all. I did today.... but only just.
MEO Price at posting:
54.5¢ Sentiment: Hold Disclosure: Held
