I hold both QBE and STO, and will continue to add STO on its SP weakness. Personally, I think these two stocks provide a perfect balance. QBE is a semi-defensive stock, while STO is growth oriented (plus a take-over target after 01 Sep). In most cases, when US$ drops, oil price (and metal price) will go up.
I still think QBE is a very good stock, particulary it is a low risk stock and still positioned itself for growth. Their management is top of the world.
The reasons why QBE does not perform very well in recent days might be:
1. Fund has left QBE and switched to other more aggresive (and more risky) stocks.
2. Someone is accumulating.
Be patient. I am quite confident QBE will reward us.
i am still watching this one, page-4
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Last
$16.36 |
Change
0.020(0.12%) |
Mkt cap ! $24.62B | |||
| Open | High | Low | Value | Volume |
| $16.19 | $16.53 | $16.12 | $48.34M | 2.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 824 | $16.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.38 | 1336 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| QBE (ASX) Chart |