A great target anyway, page-19

It was an interesting days trade.

Three possible causes I think may have caused slight sell off (which anyone can take with a grain of salt).

1) I thought the disclosure of Blackrock taking a 5% stake would have held up the share price but perhaps their share purchases are the cause of QBE's recent rise. Are they taking a blocking or takeover stake? Lets hope the latter.

2) Bonds fell overnight in US, so may have had an impact on traders view of QBE. I believe interest rates are on the rise and should help QBE over the long run.

3) QBE's had a good run in the near term and traders are taking profits. Occam's Razor is what I'm hoping for and look forward to results on the 27th.

GL all and hopefully we get a cracking profit in 10 days time.

Morts