MEO 0.00% 0.0¢ meo australia limited

massive profit taking looms

  1. 997 Posts.
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    Everyone is very excited, throwing around $1+ and $1.17 unrisked valuations, as has happened for the last six months, but surely as soon as the announcement breaks the price will zoom, people will charge in, and then at a certain point - within hours? - there will be massive profit taking that pulls the price back down as the ST money gets out for a quick buck?

    As a LT holder, I'm not convinced all the prayers are about to answered in one go.
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