Buddfox,
Thanks for sharing your views with others, and whilst i have not shared the short proposition, i am always grateful to those that present alternative views for consideration.
That said i think that QBE is starting to attract the institutional investors for a turnaround in prosperity, forget the 30+% correction from an oversold low, but rather an anticipation that the company has put in place measures to ensure of a much better profit year (in addition to this it would appear that some of the non cats. factors re swining back in their favour, i.e. rates and risk spreads). If I am correct in this then I cannot help but think that you are standing in front of a freight train. There has to be better shorts elsewhere?
Be careful.
Regards
news on qbe?, page-163
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Last
$16.71 |
Change
-0.010(0.06%) |
Mkt cap ! $25.10B | |||
| Open | High | Low | Value | Volume |
| $16.69 | $16.80 | $16.52 | $63.90M | 3.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1651 | $16.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.75 | 36587 | 6 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| QBE (ASX) Chart |