Agreed....the downside risk is very real indeed !!
Going long on AMP is a classic "catching a falling knife scenario"....and fortunately the biggest kills I did in the past was coming from this type of trade.....and requires a nerve of steel !!
I would never rule out a successful company restructuring though....but follow the trend is more than not the best strategy for most traders and again a classic move.....the trend is your friend type of trade.
Some people here seem to have put a death sentence on AMP and well it may happen but in most cases the worst never eventuate.......
I don't trade on Spec market but big profit on QBL/cannabis stock which was the only one I traded in years....and good profit shorting API.
Good Luck to you to !!
AMP Analyst Update, page-15
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Last
$1.28 |
Change
-0.010(0.78%) |
Mkt cap ! $3.302B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.27 | $4.571M | 3.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 32805 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 3891 | 1 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| AMP (ASX) Chart |