1. Most Discussed
  2. Gainers & Losers
AMP $3.91

amp & american express

  1. gaweb

    2,154 Posts.

    AMP is oversold and looks like it may be turning. There may be strong initial resistance at 11.80, the FTSE also seems to have found a short-term bottom and trying to stick its nose above the 4k level.
    AMP have sold their credit card assets to American Express to the tune of $236 million and they hope to free $500 million in capital by the end of 2003.
    I'll be hunting this one down for a margin play tomorrow, looking for an entry around $11.50 with a strict 3.5% stop @ break below $11.10, AMP are reporting results this month. But gotta check that.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.