As disgusted as I am I am not selling. I think this bloke from Credit Suisse will pull these muppets into line and give whoever else needs their marching orders to go. I bought more at $3.40 a few months ago and I’m shocked. I thought a lot of the bad news was already in the share price and was not expecting to see $2.50. Market over cooked it today I think.
A heap of people sold but it always takes someone to buy. AMP will be sitting on a heap of cash soon enough. The question is how bad will outflows continue? Well things won’t get better till the RC is done and the press can F off and stop driving negative sentiment. This will take years to sort out but I think this De Ferrari fella will sort out and reshape AMP.
It was the perfect storm today with the market index and the news.
AMP Price at posting:
$2.50 Sentiment: Hold Disclosure: Held
