re: rembrandt ... arthur Hi Arthur ... took a peak at splitview and my original post is back again (???) ... although the subsequent posts have been removed ... I feel vindicated.
This bluest of blue chips was all but wrecked by decades of management malfeasance ... who will ever forget Batchelor signing off on $140million profit and just three weeks later a $1500milion loss was revealed !!!
FWIW ... we have made $quillions from trading serious ETO positions in this stock both LONG and SHORT over the years.
My first LONG call was posted here 07/02/04 ... the rest is history.
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Subject a line in the sand ...
Posted 07/02/04 17:54 - 365 reads
Posted by rembrandt
Post #231063 - start of thread - splitview
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Hmmm ... as posted previously we closed our SHORT ahead of AMP retesting the important psychological $4.20 support level. It is reasonable to assume the impending $5.9billion loss for FY03 is now factored into shareprice.
The bounce Friday was expected and could be the much needed line in the sand signalling a change in fortune for the beleaguered blue chip.
We are LONG although cautiously opted for a Spread.
Chart looks like this ...
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Cheers ... tight stops.
This is only my view ... read the red stuff.
the usual board shenanegans = fat profits, page-6
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Last
$1.13 |
Change
0.005(0.45%) |
Mkt cap ! $2.921B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.12 | $5.227M | 4.650M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60562 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 68371 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |