A very good half yearly result announced today for AMA with well know broker putting a price target on these shares of $1.40 while these shares are trading at 92.5 cents. Yes, that's a potential upside difference of 45.5 cents or 50% upside on a stock with huge grown potential in the next 12 months.
So all of the short sellers arrived this morning trying to get AMA shares on the cheap.
The last time I looked on Commsec this morning there had been 240 separate trades done for a total of 176,423 or an average of 735 shares sold.with the short sellers doing their absolute best to drive the price down so that they can get set at these prices and enjoy the ride up, IMO. Don't get sucked in and DYOR.
Do you really believe that on 240 separate occasions today somebody offered up 735 shares for sale???????
AMA Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held
