AMP

[rosey]

dont no if this thread is going but.................
holders of this stock should be smiling
close of $7.00 today
not bad comming from $4.80 in february
keep smilin
cheers
rosey

[whiteheron]

Still below what i paid on average but plenty of upside yet i feel
Regaining some of its (deservedly) lost mana

[huss]

Ah yes Rosey, but I still remember the ones they gave me at $25+. And the ones I bought during the fall.....before it fell all the way.
So I find the "paid on average" idea still says more climbing needed.
However things are starting to SOUND OK, especially when it is AMP doing the talking.

I managed to quit most of my freebees for $25, so it doesn't owe me much, and I'm using the divvy plan, so have accumulated more, some a reasonable rates.

Does anyone have an opinion on HHG ? I'm holding in an interested way seeing that they have again cost me nothing - except the overall share price loss.

Still watching quietly.
H.

[rosey]

dont mind me as i have just sussed out how to post a chart
this is an interesting stock and quite a gain in the last 4 months

[ruethewhirl]

One wonders if the sudden institutional interest in AMP
will be enough for the stock to break thru that irritating
resitance level that has plagued the nascent share price
recovery of AMP.

Time will tell.

[The BOWMAN]

Fellow share traders, does anyone have any clue why AMP share price has been dropping a fair amount recently? What is going on?

[Snow Leopard]

Not just AMP, but AXA, PMN, etc and most of the banks also. i.e financials in general. Even TWR was being affected by this sentiment, but yesterdays result seems to have kicked that for the day.

I think it started as a feeling that they were fully priced and with the current jitters about the world economy and the recent decline in stock markets there is the worry about their future earnings, bad debts, losses, whatever.

[Phaedrus]

Do you guys each have an objective? Are you clear as to exactly what you are trying to achieve here?

Do you want to hold AMP so long as the long-term (2 year) trend is intact? Then relax. Current price action is well above a confirmed trendline and well clear of a suitable trailing stop. "AMP share price has been dropping a fair amount recently". Nah! Take a look at the magnitude of this recent drop that is concerning you. It is nothing at all out of the ordinary for this quite volatile stock. If you want to hold on for the long-term you MUST give stocks sufficient room to breathe.

Do you want to trade the secondary "medium-term" trends? Trade them then! You should have a system that you know works reasonably well and you should keep to it. Worried about this little retracement? Why? Most medium-term systems would have you out now anyhow. See what I mean? Either trade these fluctuations or resolve to ride them out. One or the other. It is all too easy to fall between 2 stools and fail to gain the benefits of either approach. Standing on the sidelines wittering on every time there is a minor retracement is just so much wasted effort. Sort yourselves out!



The chart shows secondary trendlines in light green and magenta, with small arrows marking the trendline-break buy/sell points. The long-term trendlines are red and dark green.

[Snow Leopard]

quote:Originally posted by Phaedrus

Do you guys each have an objective? Are you clear as to exactly what you are trying to achieve here?

Do you want to hold AMP so long as the long-term (2 year) trend is intact? Then relax. Current price action is well above a confirmed trendline and well clear of a suitable trailing stop. "AMP share price has been dropping a fair amount recently". Nah! Take a look at the magnitude of this recent drop that is concerning you. It is nothing at all out of the ordinary for this quite volatile stock. If you want to hold on for the long-term you MUST give stocks sufficient room to breathe.

Do you want to trade the secondary "medium-term" trends? Trade them then! You should have a system that you know works reasonably well and you should keep to it. Worried about this little retracement? Why? Most medium-term systems would have you out now anyhow. See what I mean? Either trade these fluctuations or resolve to ride them out. One or the other. It is all too easy to fall between 2 stools and fail to gain the benefits of either approach. Standing on the sidelines wittering on every time there is a minor retracement is just so much wasted effort. Sort yourselves out!

Calm down oh technical one. Our objective is to come a conclusion as to the reason for the recent decline in share price, seems clear enough to me.
Perhaps i should add genereal market sentiment and medium trend TA's selling out to my original answer.
regards

[777]

They were ex a 40c(Aust) special dividend today which covers some of the decline.