AMP 2.46% $1.19 amp limited

for the amp'ers

  1. 3,694 Posts.
    Snippet from Amro's warrant report this morning:

    "AMP: Watching the stock y’day afternoon and it became apparent something was up, punching through 690 late in the arvo before settling at 685. Rumour around the market was that MacBank had put AMP on their restricted list (which is normally indicative of some kind of pending corporate activity). The point of mentioning this is that AMP will continue to be slave to the rumour-mill. Seven dollars will remain a short-term top for the stock, with a caveat empor being unless someone reckons there will be a bid above that level. For mine therefore, I’d prefer lower levels, whilst remaining cautious with the stock overall."

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