Held VBA a while back, bought back in yesterday... hope some of the overnight love for airline and transport stocks in NY rubs off here today... see article below.
"US stocks staged a broad rally that drove the S&P 500 to its best day in two months on Monday after manufacturing, consumer spending and construction data instilled confidence that the economic recovery is gaining traction.
Transport stocks had their best day in six months following an industry report that the US manufacturing sector grew in April at its fastest pace in almost six years and as UAL Corp agreed to buy Continental Airlines Inc to create the world's largest airline.
Shares of UAL, the parent of United Airlines, rose 2.4 per cent to $US22.11, and Continental Airlines rose 2.3 per cent to $US22.86 after UAL agreed to buy Continental Airlines Inc in a $US3.2 billion stock deal. Airline shares led the advance in the Dow Jones Transport index, rising 2.9 per cent in the largest daily percentage gain in six months."
VBA Price at posting:
55.0¢ Sentiment: LT Buy Disclosure: Held
