VBA 0.00% 35.5¢ virgin blue holdings limited

Its gone through a few minor support levels, which were at 0.76...

  1. 353 Posts.
    Its gone through a few minor support levels, which were at 0.76 at 0.65. Next minor support looks to be around 0.5, and major support around 0.47. If it breaks through that (which I speculate that it may well do), vba will be looking at all time lows.

    I'm not downramping here - I have no intention of even contemplating getting in (at least not until things have settled down after the in specie, and then probably only if it breaks into its all time lows and then starts a consistent move up with good volume support).

    Good luck though to those who do try, or who have tried, to catch the falling knife. It may work out for you (the market is unpredictable and the sp could be back up to a dollar tomorrow). As bacchus said, try to catch the falling knife if you've got Titanium Kahoonas (and be prepared to have them sliced off).

 
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