Have now taken my profit and closed out my long....it is becoming too risky to leave big profit on the table, and a profit is not real till one takes it out and put it in the bank..........there is always a possibility of profit taking in the global market as well.
Still like the look and action and charts of QBE and feels it wants to go higher still, but my gut feeling is telling me to take the profit !!
I can see a quicker probability of making a dollar in WBC than QBE and that is a strong reason for me to move my capital across.
Been a very profitable and enjoyable trade on QBE and wishing the best to all the long term holders.
Would Allianz make a bid in the near future ??.......that is the the possibility that I will now miss out on.
QBE Price at posting:
$11.10 Sentiment: None Disclosure: Not Held
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