I bought in at 47c believing this was a great opportunity to pick up a quick 30% and ride it to 60c.
I am thinking of possibly getting out. Not much confidence it seems in the share at the moment...particularly given it looks as though oil is on the move again.
I wonder whether a good majority of selling is coming from fund managers and investors who still held VBA in the split.
I hope so as this is the only thing I can really explain which is forcing the price down (or at least steady at mid 40s). Seems odd given there was strong buy lines a week or so ago.
I noticed that Morgan Stanley upgraded then to a buy at 97c, while JP Morgan had them as a hold or underperform at 70c valuation. If anyone has access to both sets of research, is it possibly to get a copy?
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