I think you guys are arguing about apples and oranges.
One is a trader the other is an investor. You aren't even talking about the same thing most of the time lol.
Camden talks about fundies and market fundies / pressures on SP, Blackduck is talking techs, and even when he is talking about the larger market its tech oriented.
End of story now can we pls stop the handbags lol
FWIW I would eat my hat if we do not retrace to test the 18 support within the next few months (unless we have a ridiculous, fundamentally unsound and gives me permanent heart condition type of bull market lol). At the same time I will also eat my hat if QBE is only worth 18 per share in a year or two assuming no GFC2 (europe alone doesn't count lol). There is nothing incompatible with a ST bearish tech outlook and a LT bullish fundie outlook. The only question is: what plan do you have for this stock in your portfolio given your risk profile.
QBE Price at posting:
$18.42 Sentiment: Hold Disclosure: Held
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