interest rates, page-30

QBE doesn't do sideways action.

I actually sold today. Used today's strength to get out. Gain from the 11.28 purchase yesterday helped cover loss from purchase a week ago. Was holding 35,000 of them. Ride was too wild for me.

Made me do allot of reading on QBE past week. And the more I read, the more I realised how much of an unknow the insurance game is. A bit like an airline stock.

Certainly a brutal stock and not to be messed with.

However, can't help seeing upside on the chart. Chart says, 13 to 16 is possible in next 1-3 months if the 26 February report is safe. If not a good announcement, then back down to 10. So in summary, high reward for high risk.

I would only buy this stock when the stochastic has reset to under 10 (as it did yesterday at 7.7) and there has been at least a 7% fall from a recent high.

FT.