AMP 0.66% $1.53 amp limited

continue to rise?, page-20

  1. 8,619 Posts.
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    I told my friend yesterday that if I was long AMP I would definitely take profits now. Straight line rise from $7.40, the writing was all over the wall for a big fall today. Market has come off and looks bearish and people think AMP will continue to rise? Please, AMP invests in the market......plus has a massive P/E, completely unjustified. And as I mentioned, massive bearish divergence.

    I also told him I reckon this rise might be a bit of takeover speculation. People were probabaly hoping for a miracle today.

    Someone said AMP will go to $20 again. When? If the market goes to 10,000?
 
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