Everyone interested in insurance should have a look at the performance of UK based insurance stocks. They have had a massive recovery since the Mar/Apr lows while AMP has created a new low. Is the AMP share price a massive spring that will explode when they release the results in a week or two?
There must be massive short positions on the stock.
Check out Royal and sun, recovered from 70 to 150 (over 100% gain from the low) http://uk.finance.yahoo.com/q?s=RSA.L&d=c&t=1y&l=on&z=b&q=l
Legal and General: 65 to 100 http://uk.finance.yahoo.com/q?s=LGEN.L&d=c&k=c1&a=v&p=s&t=1y&l=on&z=m&q=l
Prudential 300 to 400
http://uk.finance.yahoo.com/q?s=PRU.L&d=c&k=c1&a=v&p=s&t=1y&l=on&z=m&q=l
So will AMP stage a massive recovery to the $9 mark in the next few months???
commencement of a massive recovery?, page-2
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 (20min delay)
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Last
$1.32 |
Change
-0.010(0.75%) |
Mkt cap ! $3.387B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.34 | $1.32 | $7.868M | 5.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 217359 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 203029 | 9 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| AMP (ASX) Chart |