The Faraj List of Exploding Stocks Part 3.04 (FAR3)
napoleon 14th - Wed, 29 Dec 04 :
MEG? - Survived a huge selling spike; 11 mill. shares in 2 days - savage treatment for a small cap. That S = mid 30s is all the more solid for that.
Real test level is 50p.
Part-profit taking gets attractive after that, & following test level of 65p is not an unreasonable target.
Up a tad more today in a dozy market, 41p & P/E = ..........6.5!
Ideally, I'd like to reduce my entry cost by selling half @ 50pish
& hold the rest to see if margins can be restored at the same time as the big rise in T/O.
