Not really sure who is punting this stock at the moment, but my best guess is that AMP are quitting the last of their holding.
Also, I have no real feel on a fair value for the stock at the moment - suffice to say my little charts point to 50c as being quite possible.
Given the uncertainty I really wouldn't be prepared to take a "blind" punt at 58c.
On the other hand, as soon as we get an ASX announcement that Mr Pretty has resigned "to pursue other interests" then I may well be tempted to buy a few.
Not really sure who is punting this stock at the moment, but my...
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