AMP - AMP Limited

[Toyota Lexcen]

bit of info out on AMP today

http://www.smh.com.au/business/bank...fit-jumps-32-dividend-up-20150219-13hpau.html

small increase in dividend which is nice as well,

 

[Ann]

G'day all,

Just dropping in to give my thoughts about AMP on a weekly chart.

This is a very long term weekly chart coming from June 2001 set in linear scale using EOD simple line for clarity of view.

To me there appears to be a potential cup and handle formation in the making in its early days. This stock looks as though it is going to offer massive upside in the very long term.

Short term there may be a retrace to around the $6 level, maybe.

 

[Ann]

As I glanced at the course of sales for AMP this morning, I spotted this little gem. Sadly Joe doesn't have an emoticon which fully describes what I am thinking...this will do.

I will see if I can make an emoticon for Joe which may fill a gap in the emotes!

 

[pinkboy]

As I glanced at the course of sales for AMP this morning, I spotted this little gem. Sadly Joe doesn't have an emoticon which fully describes what I am thinking...this will do.

I will see if I can make an emoticon for Joe which may fill a gap in the emotes!

As opposed to the trade @ 10.10.15?


pinkboy

 

[Craton]

Mayhap Ann was referring to the Devil's # more so than the # of shares traded...?

AMP nicely up again today I see.

 

[sptrawler]

Why doesn't AMP use that bank license and become a proper bank ?

I wonder why another conglomerate hasn't bought them out, for their bank license.

I'm ever the optimist.

Nibbling away.

 

[Ann]

A very bearish Island Pattern formation has evolved on the AMP chart and may offer a good buying opportunity around $5.95 to $6 levels in the next little while. Let's see!

 

[Ann]

This survived the island top to go on and form a massively bullish flag on a flagpole. There she blows!

 

[CanOz]

This survived the island top to go on and form a massively bullish flag on a flagpole. There she blows!

View attachment 61950

Bullish over 6.60 maybe? Otherwise it almost looks like a bear flag to me.

 

[Ann]

Well that was a pity, it flew up out of the flag with enormous energy and then four brokers slapped or should I say clubbed a 'hold' recommendation on it on the 12th of March with the full effect felt on Friday the 13th. That really dented its enthusiasm. It will be interesting to see how it travels now with the hold recommendation in place.

 

[sptrawler]

Well that was a pity, it flew up out of the flag with enormous energy and then four brokers slapped or should I say clubbed a 'hold' recommendation on it on the 12th of March with the full effect felt on Friday the 13th. That really dented its enthusiasm. It will be interesting to see how it travels now with the hold recommendation in place.

So those three posts are, down, up, I don't know really posts.

Just joking, it is hard to pick winners in a shakey market.

 

[Ann]

So those three posts are, down, up, I don't know really posts.

Just joking, it is hard to pick winners in a shakey market.

This stock looks like it is being attacked sptrawler. It should never have had an island top, that is a rare formation usually only seen in a weak stock. However it recovered strongly to form a strong bullish flag as it should have. As it was taking off in a really strong breakout, a group of brokers got together to slam it down to full effect on Friday the 13th. (Juvenile timing IMO the 11th would have been a more mature choice if you want to fark something without a lot of attention). I felt it would survive but resisted the urge to encourage investment in case of a solid pullback.

When you get a gang of four brokers who decide to slam/cosh/bash/smash a stock with a hold rating when the damn thing is about to fly you have to ask, didn't they get their orders in early enough I wonder? Or did they miss this altogether?

However I am thinking for all their efforts it looks like AMP may still rise to the occasion. I reckon it has shiny brass balls. It's wee baby AGF is doing a bit of a flyer. Sorry no charts. Maybe later. Disc: Holding

However for those who want a picture of my opinion of the Lycra wearing gang of four losers...here you go...(sorry Joe but I gotta do it!).

 

[Toyota Lexcen]

its come off its recent highs like a lot of other financial stocks, but good results out today and small increase in the dividend

still believe this a good stock for the long term with management improving it or becoming a take over target

 

[Mofra]

its come off its recent highs like a lot of other financial stocks, but good results out today and small increase in the dividend

still believe this a good stock for the long term with management improving it or becoming a take over target

Certainly bucking the XJO trend today and consolidating a big day yesterday - the dividend strippers will be all over it for the next two weeks so not expecting a pullback in the short term.

 

[Toyota Lexcen]

its come off its recent highs like a lot of other financial stocks, but good results out today and small increase in the dividend

still believe this a good stock for the long term with management improving it or becoming a take over target

a lot changed from early this year

article in the Australian today discussing AMP and its future, I still hold for takeover, there are plenty of banks around to get a loan, there is only 4 supermarkets

 

[notting]

AMP failed to act in their customers' best interests when advising people to put their retirement savings with an in-house superannuation fund, a damning review has found. -
Dick Heads

 

[nulla nulla]

Any thoughts on where the share price will bottom?

 

[greggles]

Seems to be support at around $3.75.

 

[tech/a]

These are extreme times for the banking sector and of course AMP.
I would not be attempting to trade anything remotely involved negatively in the royal commission---technically or other wise.

 

[Knobby22]

AMPs model is based on hoodwinking the public.
Now it is broken the profit levels (if they make a profit) will drop substantially. Combining this with the legal fees expected over the next few years, I wouldn't touch the company with a barge pole.