I sold out today at 43. Yes, I tried to hold and although critical of mgt for weeks now, was taking a gamble on the ann being positive come mid Dec. I should have sold out before. My decision - my fault. Made a profit - now a loss.
I did think (hopeful) it would bounce with Director Options approaching. I do not now but hope for long term holders it does.
As I posted I hope it does bounce after the DOW effect kicks in. Then I might return if it hits 40. Part of me is inclined to think the big boys loving this drop/fear - part of me very cautious on this stock due to mgt.
That is it. Nothing complicated.
So long termers/true belivers in Jurgen and the team of course should hold. Those who cnanot afford to lose even bigger $ should sell as the risk it will not bounce for sometime (drilling = Oct) should sell. Simple.
MEO Price at posting:
40.5¢ Sentiment: Sell Disclosure: Not Held
