virgin blue says no to capital raising, page-4

At least with this latest ann (17/02/09) VBA is looking at some decent cost-cutting measures given the economic crisis. That move is usually always supported by shareholders but unfortunately not by the staff being laid off.

So I wouldn't be too surprised if the reaction tomorrow is only subtle, given that some of today's movement has probably already accounted for this latest ann. Strong support has also built up from 23 to 24c (equiv to ~4.5M currently outside of trading hours). If I had a few more $ to put on this I'd be laying it down at this oversold range.

Interesting times indeed...
Good luck.