SchmickleVBA is in a SWEET SPOT. Unless you're a day trader sit...

Schmickle

VBA is in a SWEET SPOT. Unless you're a day trader sit back and enjoy the ride to at least $1. Everything is working in VBA's favour: The macro conditions have settled down (Greece got its bond issue away and EU will support its fiscal position, it would seem the markets a little bit more relaxed about China and data out of the US is looking better), instos and brokers (and the media) love the new CEO and have upgraded their target price (Blackrock recently appeared on the registry), risk is back on the menu and the AUD relative to the USD is heading higher (a big plus for VBA's earnings), operating costs are under controlled, QAN is struggling, the RBA continues to raise rates on the back of strong Aussie data (yesterday jobs data and consumer and business confidence is stronger than ever etc) - remember VBA is a high beta play, VBA are just about to get a piece of Gov't budget, VBA's international venture suddenly appears less of a risk, half yearly earnings surprised everybody and so on.

As I've been saying for a long time VBA is heading to a dollar and I wouldn't be surprised if it now overshoots.