62strat,
Your argument is incoherent and inaccurate.
Your claim that the large holders are selling out would mean that we would have received disposal notices within 3 days of selling.
This applies to all holders over 5%.
No such notice has eventuated.
Conversely, over 65 million shares are shorted as at tuesday last week (last update from ASIC). This has been the reason for the share price tumble. Professional traders are responsible for this. Good luck to them.
Remember,the stock will rise just as quick as it dropped when these guys decide to cover this stock.
With a benign dec/Jan/feb, Qbe should be back at $13 to $14 where the underlying value lies.
dividend, cr or nada, page-40
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Last
$16.95 |
Change
0.070(0.41%) |
Mkt cap ! $25.46B | |||
| Open | High | Low | Value | Volume |
| $16.84 | $17.03 | $16.84 | $64.15M | 3.780M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 167 | $16.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.96 | 11000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |