Ok, but, for people like me... sitting on the sidelines.......
If AUD increases, even by 2.5 more cents... I imagine QBE to fall a decent bit $21.25?)
If QBE falls a decent bit, I'm better off buying AFTER it falls, as opposed to before.
Potentially, QBE could hit $20. Do you agree? I mean, all it would take is for AUD to hit $1... and a red day...
I might as well save my $2.5 per share.... as in, $3000 buys me 133 shares now.... or 150 shares at $20....
17 shares difference.
Lets say when I sell they are $35.... I can make $595, and save myself a heart attack (I would be using a margin loan for the first time), by waiting til it drops to $20... *IF* I believe that they will.
I just have to reassure myself of the effect of a rising AUD... and then contemplate the chance of a rising AUD...
Most people seem to think AUD will continue to rise? Thats what the brokers are saying at least...
If this is true, and there is an effect on the SP... then, surely, I should wait?
QBE Price at posting:
$22.58 Sentiment: None Disclosure: Not Held
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