Yes. I definitely have a long-term view on this stock - albeit like most of us have done the odd trade. At the moment, however, I own more AMU shares than I have at any time in the past - basically due to picking some more over the past week or two.
I don;t know how to put a chart up here (and won't profess to being an expert), however ozgen when I look at the 5 year monthly high-low chart I would read the following:
* Support to be at 44 cents and expect resistance at 60 cents. This is going back to 2004 where it spent the better part of 7 months almost exclusively here. And once it cleared 60 cents that basically became support for the next 7 months before the rise to over $1.
* Following the downtrend I would actually say it needs to break right on 80 cents to have broken this downtrend.
SO, heavy resistance at 60 cents, which is what we are seeing now. Fundamentally hard to see it going below the 44 cent mark. If it got there I might sell most my non-AMU stock and hold just AMU - and that's not a joke.
MJS
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