$ 0.2 here we come, page-6

pcockley

no worries mate....this is a chat forum and we'r bound to have different opinions .

current share price trading $0.23
resistance at $0.225
% to fall before it hits %0.20 = -11.11%
% to rise for it to hit $1.2 = + 421.74 %

which one looks realistic?

response to ur points :

1) yes the losses have been known but the next announcement - which is certainly going to show a loss will kill the market sentiment.

2)yes carbon tax affects all domestic airlines but vba is a budget airline which cannot afford to loose its customers in any way.

3)not necessarily as stated above it may loose its customers to its competitors.

4)TA has been suggesting to watch and wait for the last 2 weeks and not make the blunder of BOTTOM PICKING ,which most of the people holding /buying vba at the moment is doing.

have a nice flight but expect delays in reaching ur destination. :)

sentiment : going short ( btw MACD ,stochastic,pSAR, Bollinger band ,r% W all tick the box to sell)