QBE i knew that report was coming and if it was good that chart was primed to run to $21+ but the market gods did not want it to be.
That open on the monday was below the other lows and looked like another lower swing top so it was a no go for me unless it could punch back through open and break those highs then i woulda been all over it like a rash but not all plans go that way...good couple hours spent doing that analysis but not to be.
People are asking me about it and i am not touching her until either double bottom or a higher swing bottom from here. Very careful treading but anywhere around $15 i think is good buying if you got cash and can hold. going to be about 8% dividend a year...better than a bank and likely it will go back up with the US cycle improving in a few years
:)
About Me
- Scott Williams
- I am a young invester/Trader, i mostly focus on Short term or Intra day trading on the equities or Forex markets. I have recently completed my Bachelor of Commerce double major in Finance and Property. I have also completed my RG146 in securities and Financial planning and while trading is a passion my desire is to work within the stockbroking industry or as a trader for an investment bank. This blog I have set up to help share ideas to others on trades and tips i have picked up from my time in the market. I hope you enjoy my blog and some of my ideas :)
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