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Message: Remembering this is a TEST WELL

Re: Long on MEO

in response to by
posted on Dec 19, 2007 05:10AM

Well, yesterday came and went and the sun came back up today.  The bashers are having a grand time on the MEO BB's.  In that midst of the debris, I found this gem from a pilgrim called pirateX

"Just looking at the volume of shares traded today (3.165M) and though the SP dropped a cent & a half (~13.6%), wouldn't there had to be some significant buying to keep the price from hitting bottom? I'm still pretty new to this game, but in comparing MEO's activity today vs. someone like LAT.V, who traded a volume of 3M shares and shot up ~113%; one could conclude perhaps there is something happening in order to keep the SP of MEO relatively stable (relatively being a relative term, in this sense :S) considering the contents of the most recent NR. If everyone was dumping this, wouldn't the SP have really dropped to sweet FA levels? Comments? "

The prirate is on the money on this one.  I appreciate his perspective and I really want to thank the quiet reasoning that continues on this  board.  You guys are the best!

 Panamax

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