As usual there are two opposite opinions/belief.
Looking into charts or stocks always generate 2 opposite opinions......love it !! and it is the way it should always be....otherwise no one will ever make any money.
I believe AMP is a good buy and will increase my long and comfortable with 4% return and the risk now more than a few weeks ago, whoever bought in yesterday is taking risk but the div will cut their entry price yesterday by 10 cents and probably by another 10 cents in 6 months.
Those the ones shorted the stock yesterday or holding the short position will have to pay 10 cents to the long !! and IF the div stays at 20 cents a year than that is the price of holding shorts......one may say it is not much but in the long run it reduce the profit of holding long.
This could be one of the best long plays
AMP Chart, page-100
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 (20min delay)
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Last
$1.12 |
Change
0.020(1.83%) |
Mkt cap ! $2.895B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.12 | $1.09 | $6.859M | 6.191M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24567 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 135317 | 18 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |