Although the news was positive,
It will take Big News w/ estimtates before anything happens.
The price of silence is high on the street...patience has worn too thin!!!!
One has to remember a trader(s) will work a stock over something fierce if they feel they've been jerked around.
and it's is easy they start shorting/ or mention the stock is a dud or ask a fellow trader or two to take it on the chin now and I'll make it up to you on another stock later and boom "take that company suits" you stock is now worth a nickle!
thus you see 500 little shares being unloaded with a value of $25. Makes now sense right....well that does do one thing kills the SP.
If you are going to trade publicly you have to respect how the market rolls. i don't think meo mgmt gets that. So welcome to .5 -.10
other oil juniors get how this works so come on boys start flowing the real news
FB