amro upgrades - price goes down!!, page-10

re: amro upgrades - pussnboots I wouldn't get too worried.. they had a good run last week. Every Investor has different goals and obviously some want out and some want in at the present level.

According to a broker I know, AMN Amros have bought a few today and some major buying from e-trade and comsec. The main selling came from Bell Potter? Looks pretty well supported at 1.70 on the buy so that may be the worst of it.

Even if ABN Amro were ramping it a bit, which I am not suggesting they are, surely we could look at $2.00 for a safe level if they are on the right track?

We have to also remember that tactics used in accumulation can sometimes include sell downs to bring in more sellers before they mop up.

I find it hard to believe that we won't see more uppeard movement given that we have a new substaintial shareholder on the share registry and a possible take over in play.