Call me crazy but whilst I agree it's a negative Announcement it was actually expected and I see this as a fantastic buying opportunity as inevitably it bounces back for whatever reason.
In my opinion if you've every thought about buying QBE now would be the time as it will bounce back to $10 in my opinion.
I'm in at $9.76 pretty heavily, I love buying "blue chips" like this when they get beaten down because like I said usually (not always) they do bounce.
Good Luck All
QBE Price at posting:
$9.82 Sentiment: Buy Disclosure: Not Held
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