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17,444 Posts.
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26/02/10
22:25
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steve
I won't post a chart but can make an observation?
IMO QBE is a boom/bust stock.
In part it was its blowoff move after the Aug 2007 low that convinced me the end was nigh for markets in general.
In recent history we have seen a fall from 12 to 3 and then 35 to 15. It would make a grown man cry.
Its action over the last year or two is actually quite weak in momentum terms and not unlike BHP which I also view unfavourably.
For the trader a great stock to trade as the volatility is there.
Doesn't inspire me to think bullishly at the moment.
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