Good trade Buzz!! Took short position at 18.70 and took 50 cents profit and took another short yesterday at 18.42 They have failed 18.47 now 17.48 will be the next support but there is possibility of going down to 16.91 I am not in a hurry to close this short position....under 17 is a big possibility. Nothing is sure but we traders will have to make a move based on our signals....only two outcomes....profit or loss There were unfortunately some who bought in from us at high 18s...and some called it move with a trend up. What a cruel game stock market is for every winner there is a loser......but investors will not have problems...hmmm.. just a different mind set....traders V investors...traders are vultures and feeding on blood. Long term QBE is a great buy but we traders make money on short term volatility.
Cheers,
QBE Price at posting:
$18.07 Sentiment: Sell Disclosure: Held
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