Fair enough Optrader. Each to his/her own. In my case I am sitting back for a while and try to better assess where things are likely to end up. Impossible to pick a bottom, though, I know. I sold around the 4.30 mark ( at a loss) but I am not re-entering until
1. The swamp is totally drained. The current Chair has to go ( I would imagine that can't be too far away), all those Board members that have demonstrated a singular lack of appropriate governance have gone ( probably will have to be pushed), and those senior and middle management people that were complicit in the debacle booted out.
2. The position of larger institutions on the register becoming a bit clearer. I feel big volume sell downs are still possible. Hard to say. Likely we will have some idea over the next several weeks of trading.
3. We bounce of a bottom, whatever that may be, a few times giving a measure of confidence a bottom is in place. Right now it still looks like a falling knife.
4. Short positions stabilize or reduce
AMP Price at posting:
$4.07 Sentiment: None Disclosure: Not Held
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