I see your sentiment as a sell but not holding a short ?or are you shorting AMP ?
What I think or say means nothing or Zero, we don't really know if RC have uncovered every single thing that AMP have done in the past or more to come ? is what I meant.
Who knows if they will discover other bad or dishonest conducts ?
We can jump into conclusion about bad outflows re their business etc and lower profits etc and sure you can be 100% correct but without putting on a trade how would one make any money, one way or another one must take a position to make money and only 2 outcomes...profit or loss.
I am willing to take risk and doubling up my long positions as I feel there is more risk to the upside than down from this level and I can be wrong but that is the risk with trading and for every seller there is a buyer so there are always 2 opposite views....and for me there is never an easy trade and always a possibility of a loss.
What AMP do or not do is of little interest to me but they are still one of the biggest landlords in AUSTRALIA with massive property portfolio taking massive rent and that business is a very solid one.
I would have shorted AMP myself at over 5 but at this price I don't have courage to do it.
AMP Price at posting:
$4.05 Sentiment: Buy Disclosure: Held
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