I have carefully considered the price trend on this shares, let us have a look at people bought in at 1 dollars, and even the rights issued, the costs for him is still amount up to 50cents, with no dividends at all.
Therefore, I carefully calculated that, most of the people would most probably like me, bought in at 18c-20c, and the rights issued still at the same costs
Therefore, the key task for the major market player is to wash out these small holdings from our hand.
The costs/benefits sensitivity for the share costs among 20cs, will be highly affected if the price moving among 30-40cs for quite a while. every price movement will hurt their patience.
Then, I am expecting the price for VBA will move between 30-40 for a long while and not go above 50cents, as that will trigger major profit take or losses recovery escaping.
VBA Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
