whats it going to take for qbe to head north., page-9

I think the fact that there is only 10% franking credit is not very enticing for people chasing the dividend hence people may be waiting to buy at a good discount on ex div date which could lead to the potential big rise in price referred to above...i should note that the stock has been in CommSecs most popular buys list the last few days (i guess people realising the value) and the dollar volume traded has been quite significant the last few days. From a charting perspective i'd like to see a new higher low after ex-div leading to a new higher high.

I'm happy to wait for the next ex-div date in August 2011 at which point i'd hope the stock would be in the 20s.