AMP 0.00% $1.98 amp limited

it's a buy before the release of results

  1. 3,567 Posts.
    AMP is trading at dirt cheap levels. Basically $4.30 is bargain basement prices.

    Think about it, the FTSE was putting a major strain on profits when the market fell to 3000 points but the FTSE is back over 4000. That will certainly have a impact on AMP's profits.

    The question is will it get cheaper before the results (investors fearing the worst)? Maybe, but $4 is going to be a major major support level. We are very close now.

    The scare yesterday was an excuse to sell not a REASON. Fund managers break mandates all the time, no big deal and is easily fixed (if in fact they did break mandates). Will the washout continue? I think not.

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