TA- majorly oversold - bounce coming, page-17

Sorry, but that in my view is nonsense. There is no underutilisation, and there is no need for a CR. The fundamentals are sound, and the company has made this very clear in the ann.
AMP became a substantial holder in July, and increased their holding to 8.54% in August. Since then the share price has gone south. They have now reduced their holding to 6.39%. In the last few days they have sold about 2 million shares. Of course that would drive the price lower when the average turnover volume is about 3 million shares a day over the last 5 days. And added with up to 800K a day of shorters, then that increases SP pressure massively. Like a fire sale at the shop, I just see this as a brilliant chance to get in at heavily discounted prices. The fundamentals seem very cheap
If the AMP selling is over, i'm very confident we will see a strong return in the SP.