VBA 0.00% 35.5¢ virgin blue holdings limited

big potential , page-7

  1. 24 Posts.
    I'm quite positive about the future of VBA however I think If you want to talk about potential, there is the potential for it to go back to 45c in this climate.

    I'm close to my trailing stop and I think I'll let it close out and get back in when there is more than sentiment driving the market overall.

    I guess it depends how you see the economy today. I'd rather be cautious than confident. VBA isn't going to suddenly hit $1 overnight.

    If you follow the herd on residential house prices (asset base for the "blue chip" banks) and the future health of the economy I think you run the risk of being caught out in the next panic sell.

    I'm at work without my charting tools, but I'd be looking at a fib retrace of its run since it broke from the all ords and also looking to see how much support the ma20 gives it from institutions.
 
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