MEO
When I read that it has high potential for successful oil discovery in Cuba, I bought shares in MEO at market price. Of course, after that hype, the price fell to earth and I was left nursing a loss.
I put a higher sell immediately in case someone wants the shares badly. I am still nursing a loss but I have just noticed a write-up in the AFR so tomorrow, unless price of oil or Wall St falls badly, the share price will almost certainly go up.
1 Comments:
Yes, it did go up and then down a little to 4.5c.
If it does find oil onshore, then it will run again. Until then, I expect the share price will drift downwards again. Whenever a journalist writes, investors listen but the share price rarely holds!
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