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DrSeuss

14,059 Posts.

23/12/14

10:25

Post #: 14500133
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Originally posted by bubby ↑

Disagree completely.
There is no need for any further please explain. The company has made it very clear in their ann. that there is nothing to warrrant the SP selloff. "SKILLED today confirmed that there had been no material change in its operations and outlook since the Company’s AGM on 23 October 2014, other than the acquisition of the remaining 50% of OMSA"announced on 18 November 2014.
AMP have sold down some of their holdings. They sold down in the general market downturn and yet sold down in a rising market over 17-19th December.
In recent days the selldown was met with a swarm of buyers and has risen beautifully in a text book V shape SP recovery. You could easily interpret the chart that way as any other.
There is no evidence that there is a 'get out at any price'. The reason why there is no broker downgrade or 'no news' is that there simply IS NO news or downgrade.

This is a great buy in my opinion, and will continue to head back towards $2.
The scaremongering amongst chartist - the ones who said it was heading to 75c or below when it was at 1.05 -1.10 was just laughable. Instead, it did the opposite, as the fundamentals suggested it would.
If it were a dead cat bounce we would of seen a short rally of 5-15%. Instead we have seen about 25% off it's low.

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As I mentioned near the top of this thread, I expect the price to go into a trading range. After such a large fall it would be high unusual for a long term up trend to begin without a period of accumulation. How wide the trading range will be we can only guess so early on.

SKE Price at posting: $1.22 Sentiment: None Disclosure: Not Held
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