Jacksback, IMHO I would be very thoughtful, think this through...

Jacksback, IMHO I would be very thoughtful, think this through and carefully consider your particular circumstances. As your avg. price on QBE is around $20 (I believe this is correct), you then need to determine whether or not your in for the longer term. If so, apply for a quota if for no other reason than to average your cost down some, then if you can, you may wish to wait for a market pullback to pick up some more. Please note: I am not a financial advisor and make that clear to you, just remember, once you sell you crystallise any gains/losses you have incurred. QBE definitely had a very poor year last year and may be entering a much better period for its financial fortunes particularly if the US economy continues to improve. I hope this helps as I'm long QBE myself. At current prices, the SPP is bound to be heavily oversubscribed for what that's worth.