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AMP $5.12

amp rally

  1. AMP gives out bad news and then rallies 4%. What happened other than a double bottom and a general market rally? I'll never understand this kind of movement. Is it something to do with a rumour about takeover by NAB?

    This reminds me of what happened to Newscorp after it posted the largest loss in Australia's corporate history, and then rallied 8%. It did eventually go down of course. It seems that reality does catch up eventually.

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