VBA 0.00% 35.5¢ virgin blue holdings limited

PC, Firthy and all,DO you realise what I was whinging about...

  1. 1,140 Posts.


    PC, Firthy and all,

    DO you realise what I was whinging about yesterday. And notice the instances of insider trading

    1) initially VBA plummets to 39cents on 19th Jan 2011. By then "insiders" & their friends already knew about the softer earnings

    2) Air NZ news stake, spreads in the market the following day 20th Jan, and on rumours the traders buy and push the price to 44cents

    3) Air NZ buys stake 202 million shares at 51cents
    - the same day we go up a bit, but then shorters take over knowing that there is an announcement coming shortly - for the soft earnings

    4) Friday and Monday we continue to lose ground, as Shorters and other traders know that there is a soft earningsannouncement coming through

    5) Tuesday 25th jan - Soft Earnings announcement, sellers pile in.

    Isn't this so blatantly obvious - "INSIDER TRADING"

    I really want to know how I could report this to ASIC
 
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