I hold both QBE and STO, and will continue to add STO on its SP weakness. Personally, I think these two stocks provide a perfect balance. QBE is a semi-defensive stock, while STO is growth oriented (plus a take-over target after 01 Sep). In most cases, when US$ drops, oil price (and metal price) will go up.
I still think QBE is a very good stock, particulary it is a low risk stock and still positioned itself for growth. Their management is top of the world.
The reasons why QBE does not perform very well in recent days might be:
1. Fund has left QBE and switched to other more aggresive (and more risky) stocks.
2. Someone is accumulating.
Be patient. I am quite confident QBE will reward us.
I hold both QBE and STO, and will continue to add STO on its SP...
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Last
$17.04 |
Change
0.100(0.59%) |
Mkt cap ! $25.60B | |||
| Open | High | Low | Value | Volume |
| $16.99 | $17.12 | $16.90 | $27.74M | 1.629M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14991 | $17.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.05 | 67313 | 4 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |