QBE - QBE Insurance Group

[Garpal Gumnut]

Despite being accompanied by a chart to give it a veneer of legitimacy, this is just down ramping. Mods???

brad

Wow,

Paranoia rules.

I repeat on the charts QBE is in a downtrend.

See my posts on AFG and MQG and BNB.

Now there were some shares on the way down when I posted on them.

I'd be more concerned if I were you re

1. directors with Margin loans
2. short sellers
and 3. share loans by funds to short sellers

One can sit by a creek and watch the weeds go past.

One is not responsible for the weeds.

I'm happy for any of my posts to be reviewed for ramping.

The charts can't be ignored.

gg

 

[BradK]

Why would you be concerned if you were a short seller?

I just think that the PE ratio of less than 10 will be attractive, and can't understand the irrationality of the market last week when nearly $2bn in profit was posted and it got heavily punished for it.

brad

 

[Garpal Gumnut]

Why would you be concerned if you were a short seller?

I just think that the PE ratio of less than 10 will be attractive, and can't understand the irrationality of the market last week when nearly $2bn in profit was posted and it got heavily punished for it.

brad

Mate I've been through 2 big crashes on ASX and believe me there is a reason for stocks to fall like this, you or I may not know what it is, but there is a reason.

I can't tell the future but I can tell when a stock is likely to be in a downtrend. Have a look at the AFG thread and also the AFG chart. See the price fall a week or two before announcements.

In this climate I would not believe anything that is "publically available".

I am positive on some stocks, just not QBE

gg

 

[BradK]

Well, then those hedge fund f*&^wits are just robbing blind mum and dad investors, and they should all be put in jail.

No wonder the Soc Gen guy has gained so much grassroots support.

Brad

 

[vishalt]

Oh my gosh... the POOR MUMS AND DADS.

Hey, guess who's money it is in hedge funds?

POOR MUM AND DADS LOL

 

[sardines]

Personally I think the market and QBE is getting oversold. However, the news flow for the insurance industry certainly hasn't been much good either, especially with disappointing results from competitors such as SUN & IAG.

As QBE is quite diversified, I think Buffet's comments are more or less applicable to QBE

Buffett says profit party's over for insurance industry

 

[jet328]

I just think that the PE ratio of less than 10 will be attractive, and can't understand the irrationality of the market last week when nearly $2bn in profit was posted and it got heavily punished for it.

Just remember, the market is 'forward looking'. Its the outlook that the market is concerned with, not last years figures. Buffett's recent comments wouldn't have helped either.

In regards to hedge funds, as a long only investor I think they are great. They create volatility & fear, which can lead to great opportunities for the LT investor. eg QBE- if there were no hedge funds/short-termers would you get opportunities to buy the same companies at 30%+ discounts to previous prices? (It's funny how no one minded the hedge funds running up the prices last year...)

On QBE, I agree its cheap & a great business, but it doesn't mean it won't be cheaper in the future. The USA currently looks terrible to me on a short, medium & long term basis. Still can't believe the DOW has a 12 in front it. Something will eventually snap IMO.......

 

[BradK]

Guys GREAT news....

The price of this is going to ROCKET tommorrow, because I am going to sell today.

Awesome.

Brad

 

[BradK]

Didnt sell - but the directors have been buying up shares in the past few days, which is great news.

Shows they have confidence in the company - it will turn around.

Brad

 

[PhoenixXx]

only small quantity............I wish it will help.....................
btw, is QBE still a blue chip stock???????........

 

[ROE]

Didnt sell - but the directors have been buying up shares in the past few days, which is great news.

Shows they have confidence in the company - it will turn around.

Brad

Insurance going through a rough time right now not just QBE, SUN, IAG and Warren Buffett insurance business but hopefully they will increase premium soon that has been discount for a few years else someone will goes belly up and that will drive up premium anyway

 

[qr2007]

QBE has a nice run today? any idea? no news? but up 1.70+. The financial sector in the US does not look that promise but here we have a good run? wonder why?

Anyway, congratulation to QBE holders.

Cheers

 

[Gekko]

Wow, up 6-10% today. If ever a textbook was written on "short covering", this is it.

QBE has been hammered from pillar to post and finally a bottom has been established.

Result was obviously poor, so i doubt this recovery will go on too long, but the selling has been that relentless it was always going to bounce.

 

[qr2007]

The highest was about 22.13 but only for a short while then dropped back to 21.50+. If the financial sector doing well tonight in the US then it will continue its ride, otherwise, big selloff would happen tomorrow????

Hoping Ambac would come out with good news or ....???

SUN is going opposite way??? so it is a concern?

 

[BradK]

It was always going to bounce... just the extent of it that matters. It has a few gaps to fill on the way up, and the shorters will have to cover their positons soon.

Also, because the directors bought up so much, it might have helped a fair bit for confidence although that is only a small point.

I was going to sell - but I have more confidence in this stock than just about any. Have been coming and going on this for about 8 years now.

Brad

 

[PhoenixXx]

Guys GREAT news....

The price of this is going to ROCKET tommorrow, because I am going to sell today.

Awesome.

Brad

So Brad, did you end up selling? Because if not, the rocket might come back to earth. j/k. ANyway, so far did not break $20, and bounced real quick. Hopefully it's not just a dead cat's.

 

[BradK]

Notwithstanding the heading for the hills today, this is up and down like a new brides nighty.

And no, I didnt sell... Im sure it will bounce too far if I do. My short trade has become a LONG term investment.

 

[Gekko]

QBE noted a buy by Shadforths in Herald Sun today. Citing oversold, conservative balance sheet and high portion of (current) short term invetments, and strong cash position. Still looks oversold at current levels, but futures down from friday night

 

[qr2007]

What is wrong with QBE today??? SUN is riding up the hill nicely but QBE is heading south??? it has been up and down last few days??? very directionless for QBE??

I found this

"North Pointe Holdings Corporation Announces Special Meeting of Shareholders to Approve Acquisition by QBE Holdings, Inc. on April 10, 2008"

http://www.earthtimes.org/articles/...ecial-meeting-of-shareholders-to,307069.shtml

Any news pls???

Thank you.

 

[BradK]

I think it is doing very well considering all of the doom and gloom about. Im afraid the party is over for 2008, and just kick back on the way down.... and wait until she turns, mate.

Cheers
Brad