dividend, cr or nada, page-39

Jossette,

"Remember only 5 weeks ago, Qbe was trading over $14."

Correct, and reinforces my point about large holders selling out...milking the board for sales...they create the trading opportunities with their actions.

When we were at $14 to $14.29 some weeks ago for 4 days (after a dip to $12.15), imo the big sellers led it there..there were some large X trade sales they had locked in at $14. As soon as they went through on 22 Oct, sp gaped down to $13.65 next day.
During that rise to $14 odd, shares on offer were less than those on bid..we haven't seen that again since it gaped down to $13.65...offers also outdid bids from just before H1 result to 7 Sept, then they reversed and it was led to $14, with a gap up from $13.82.

These big sellers don't agree with you about 'trading stock', I think they are creating it, not using it..I think they're long term big boys heading out.

I wouldn't like to be short this stock at this price..imo I think we'll see it heading up again, slowly, perhaps all the way to the H2 result, where I would expect to see another hammering...it was sold down from $14.54 to $13.66 over just a few days prior to H1 result release (as in preemptive), then smashed on result.

I'll be interested to see the new top 20 come Jan/Feb.