VBA virgin blue holdings limited
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a good bounce, page-54

  1. fillip
    202 Posts.
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    22/08/08
    18:39
    Post #: 4138462
    I'm not a holder so sorry but I've been watching this stock closely and I think the bounce can be correlated to the sudden plunge in oil prices. It was simultaneous. Many people, and I almost include myself, could see that as soon as the oil bubble pricked, airlines, and they all did likewise, would spike. The price then slumped again when the oil price reversed and everyone piled out again. It was a short term play linked entirely to the POO.

    Cheers
    F
    VBA Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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