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AMP $5.13

AMP has that sinking feeling

  1. munch

    3,567 posts.
    Gee, I would have expected today to be awesome for AMP... instead we're seeing it down 12c on a bullish trading day...

    $14 is the next support with a close below that then to test new lows... It looks cheap now (fundamentally) but with current sentiment towards equity leveraged insurance stocks who knows.

    QBE should do well as investors switch to it (due to its low equity exposure).

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