MEO 0.00% 0.0¢ meo australia limited

watching paint dry.., page-14

  1. 7,207 Posts.
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    ha ha, victorp, that sort of cash is not in my possession.

    before the spike to 50c, the manipulation of the sp was discussed, this price range is the near the placement price and brings us back to why this was happening.

    the spike to 50c was anticipation of news coming out, the buying was to big for a manipulator to control, let it go, as news hasnt been forthcoming, volume has dropped off and the battle has resumed, slowly pushing the price back into the 43-45 range.

    imo this is to create a 60 or 90 day moving average around 45c, why, we will find out in the near future.
 
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