Despite the calls (perhaps deserved) that MEO and its management are full of hot air there has been some interesting activity in the stock over the last 2 days. In case no one noticed, the volume has more than doubled and the price has moved up 67% ( at this time). Now 67% is just a penny but perhaps (to paraphrase Twain) rumors of MEO's death are exaggerated.
Are there just more "fools" who are buying the "hot air" put up on the website OR......is something else happening? Perhaps MEO is going to turn it around and become a stock with some future (and some value). It is obviously too soon to make any predictions but the little turn around in trading is inticing.
I invite any commentary. I am sure there will be some of you that may find it bordering on sacreligious (or hoplessly naive) to suggest that MEO (and their management) have any hope of being anything but buffoons that drive shareholders into fits of frustration while providing comic relief to those too wise to take their "bait."
Time will tell for in the end the market is ruthlessly efficient.
I wish the best to all of the long-suffering longs.
- Panamax