thanks master of sin for you words.
I believe that some of the major shareholders are defending Qbe's share price today so to mimimise their losses but there are only so many shares they can buy.
I believe that the share price will trend down sub $16 in the next few weeks as the market re-adjusts their value of this stock.
With so many potential factors that could further erode earnings, this becomes a more risky play with minimal short term upside.
market update, page-28
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Last
$16.52 |
Change
0.125(0.76%) |
Mkt cap ! $24.56B | |||
| Open | High | Low | Value | Volume |
| $16.39 | $16.52 | $16.29 | $26.85M | 1.637M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 4714 | $16.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.52 | 2185 | 15 |
View Market Depth
| Last trade - 13.19pm 30/09/2024 (20 minute delay) ? |
| QBE (ASX) Chart |