I was absolutely amazed at the price at which Virgin Blue is currently trading. I thought it was fully priced in the IPO allocation of $2.25. I guess it demonstrates the power of supply and demand.
I personally think it is trading too high and may come back down to more realistic levels once the dust settles and the instituational investors have their desired weighting in the stock.
What do you think?
Cheers
KC
virgin blue - is it too expensive?
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Last
$5.91 |
Change
0.000(0.00%) |
Mkt cap ! $9.613B | |||
| Open | High | Low | Value | Volume |
| $5.89 | $5.92 | $5.88 | $2.839M | 481.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 33924 | $5.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.92 | 45359 | 34 |
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| Last trade - 11.53am 02/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |