AMP 2.66% $1.35 amp limited

Shorts need SP to go down to make profits. Via the buy-back...

  1. 405 Posts.
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    Shorts need SP to go down to make profits. Via the buy-back program, the company is effectively putting a floor for the SP. So when there is no profit to make shorts will have to close out their positions to avoid SP upside risk. If AMP were to declare a half yearly dividend in August that would be the beginning of a big short squeeze.
 
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$1.35
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0.035(2.66%)
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$1.34 $1.35 $1.32 $9.628M 7.204M

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82 504478 $1.35
 

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$1.35 549140 84
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Last trade - 14.28pm 19/09/2024 (20 minute delay) ?
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