MEO 0.00% 0.0¢ meo australia limited

will the gap be filled, page-14

  1. 26,936 Posts.
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    iam, GREAT POST, you haven't missed a thing.

    still remember Jan 23rd, like it was yesterday.

    I still recall a mate of mine calling me on the Friday before (at about 2pm), and telling me to top up and buy some more at approx. 80c, as they were hearing the drilling results were going to be positive and also keeping in mind MEO's sp had dropped from $1.60, so I thought why not, worth a punt... wish I was in a long meeting that afternoon and the call had gone to voicemail...

    Those who took up the placement at a $1.25 earlier, would have been bleeding - had to feel for them.

    Then come the 23rd Jan, and the pre-market announcement was badly taken by the mkt (also bad timing, as it was a very nervous market at that time in 2008)and from memory MEO opened at 20c (a drop of 60c on the open - oooops).
    I recall t4p and every trader getting on for some, with the instos eventually pushing it up after they got their fill, also giving some larger holders the opportunity to dump a few on the bounce.

    Amazing to think it hit 6.5c earlier in the year
    (10 x bagger if you had held on)
 
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