Certainly no guru on AMP, but one could add UBS's "Reduce 2" recommendation to a host of other bearish recommendations (including CSFB's), and the result is you have an awful lot of money that "isn't" moving in to this stock. And the chart definately shows that imo. Does david ever beat goliath on the share market? lol
I would also like to know exactly to what extent the quote : "Future Fund ... plays into the hands of AMP" ...
If one looks closely at how the future fund might operate (in line with current commonwealth super strategies), any attempt to derive a major AMP share price movement from its creation seems rather quixotic to me ... good story to rope in the mug punters though.
My view is it will visit $5.65 before $8 (technical only)
trader insight, page-3
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Last
$1.12 |
Change
0.003(0.22%) |
Mkt cap ! $2.921B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.12 | $2.116M | 1.882M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 193298 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 233954 | 18 |
View Market Depth
| Last trade - 12.12pm 12/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |