a good bounce, page-21

"VBA's squeezed operating margins and debt service issues were widely canvassed about 2 months ago. So the issues are not new.

The real mystery is exactly how come they rose 100% in the month prior to this week. WTF was going on there ???"

Mich, the reason they rose was purely technical, it had been deeply oversold for months, I was expecting a bounce to .7 as a maximum from .45 then to go lower from there. Oil sold off alittle and VBA began to rise from there, but the bounce way overdone which lasted for one month. The credit crunch causes alot of extreme volatility and stupidity, VBA was the only stock which seemed to be rising on the ASX in prior weeks so it attracted every man and his dog. Anyone buying at $1.25 was a total moron and deserved to have their money taken away from them.