JP it seems that there is a good floor at $0.10. I can not see any negative, buying into this level. I think I may just have to add to it. May will be a good month for MEO. As we approach May I have to say MEO is a strong buy. And yes, I am holding quite a few shares, but, with all MEO has going for them, I just can not see any downside. Maybe I am being foolish not looking at all the angle's, but, I have and just can not see anything negative; atleast at this level. If it was at $0.50 or $1.00 then maybe but, it's around $0.10.
Ned, I agree with you when you say that the retail investor has been taken for a ride, but, you must admit there is no downside buying at this level. Honestly, how low do you think this can go. I know a couple of people just snapping up shares here. It can not go much lower because I know that many will see a buying opportunity and keep it above $0.10. I hope your still somewhat in this play, just be patient, I am hoping for everyone that this will work out. I am positive it will.
Let's even say the ADP goes bust. They have many other areas that are starting to become hot area's. Now that spring is around you will see some more aggressive drilling from many companies. Best, time to get in is just before everyone starts drilling.
Happy Investing |
