I think it's to do with the operating statistics report due out in the next few days. Obviously the impact of the QLD floods, etc... They will take advantage of any situation to drag this down atm, even though common sense tells me that of course the QLD floods was going to have an impact, but the herd won't look at it like that of course. This is where it is too easy for them to scoop it all up to their benefit due to an unfortunate event. The only thing that isn't too bad is that it is mostly small bot orders going through and not declining on massive volumes, so that has got to be a good thing. I still stick to the theory they are playing their game unless of course we see serious dumping. Then I say, forget about it for the next couple of months and review where it is. They will have a field day if the Delta deal is a no go! That i'll guarantee. Amazing though how the ANZ alliance that went through recently didn't create a big deal though?? Seems they are snubbing off the good news and taking advantage big time of the slightest whiff of a negative. This is only what I make of the whole thing. If anyone else has anything that would shed a different light, would love to hear it. Wouldn't hold my breath in the short term.
VBA Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held