QBE 0.12% $17.21 qbe insurance group limited

Yeah, I'm not sure where the shorters will take qbe today. It...

  1. 1,716 Posts.
    Yeah, I'm not sure where the shorters will take qbe today. It looks like they're having a rest at the moment. I feel the same way as you. We should see a rally this afternoon because they have been shorting it for a couple of trading days so far. It's getting too low for them I think - it has a good balance sheet, not sure why they have targeted qbe. I guess, they feel that profit takers will drive it down anyway and they might as well ride the wave. I think it's consolidating now. The reported shorting on Friday 20/3/09 was 14.16% and that is lower 19/3/09 when it was around 19%.
 
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