to go under $7.00 this week, page-6

Sell in BOOM
BUY in Gloom

This is the motto of the contrarian viewpoint.

The FTSE seems to be the key ingredient to the fall with it self fulfilling on the AMP reserves.

Each time the market falls in the UK ,the UK pension funds have to sell more of their equity positions and move them in to cash to met the liquidity standards.

This means the more the FTSE falls the more they sell,which means it falls again further and so on and on.

This seems to be well known by the market and all those that watch AMP including super funds ,instos,mums and dads etc are selling out.

This forum for example is full of those short but very few in the stock that can sell it.

From the contrarians viewpoint this one is definately in a very very strong gloom barometer.

Whether its the bottom of the falling knife ,or just part way down is hard to tell .

For those who believe LIfe insurance,Funds management and financial services are set for a growth cycle as the population retires and relies on investments for income like I do may be rady to attempt to catch the knife on the way down.

This is i agree a high risk strategy but if you wear a glove and use stop loss tools it might be woorth the risk around the 750 mark where it wanted to bounce off today and may retest again tomorrow.

thsi post is not a recc just a different viewpoint from all the other AMP posts .

Speak to your Broker and WATCH the FTSE.