Moves 0.1c per 1c AMP 0.4c gap, though you can often 'catch' sells, or buy in a dip. Loses 0.3c per day approx (0.2c really?) Exercise $5-00 (sort of irrelevant)
You trade them for short term gains, not to exercise. So you need about 3c AMP rise per day to offset decay. The aim is to catch the turn and a move of 20c+ over about 3 days or so. Chances of 25c to 30c anyway.
AMP has been rising fast WHEN they turn. But don't buy on the LOOK of a turn! All too often surges are false. It has been better to rely on charting areas to enter and exit. You can afford a day or two entry error. Next area looks like 05/04, but also needs intra-day chart shape to help confirm better. So even if they level out at 05 today, and rise a bit at end of day, it is still not right/safe. Monday looks to be it the way things are going.
Shares: 'buy' started at $5-10, and low to be as far as $5-00. You would either buy part(half) at 10 and more if lower came, or whatever manner you want anyway. They COULD have slowed and turned at 10, but never really looked like it. No decay...target $5-70...one day.....
AMP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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