QBE 0.95% $16.72 qbe insurance group limited

hands up whos in for consolidation, page-34

  1. 257 Posts.
    huninni ,

    I can tell you big boys should have planned this for few months,look the QBE chart between Sep and Nov,the price was
    flat around $17, I don't think big boys are doing nothing but watching,they should have accumulating many shares then.
    so it's easily to guess their average cost is around $17,
    but why they made big up and down which made the price lower to $16.09, answer is 'tree shaking' ,they have to scare away short term traders out of the stock ,then they can pull up the share price.
    I have bought at twice $17.00,$17,2 and double my position at $16.2.
    Today I sold 1/4 shares to fund some CFD margin,but if the price drop below $17.5, I will top it again.
    Anyway it's a good day for long term QBE holders.
 
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