Definitely looking more and more like it will be Labor policy.I...

Definitely looking more and more like it will be Labor policy.

I almost sold today as it's gone back to 3.49 which seems to be a bit of a hurdle, but the possible upside of NBN being written down has stayed my hand.

My worry is based on some of the analyst reports which are asking whether VOC has actually demonstrated that any recovery since the $2.50 days? It's hard to guess how much hope the market is pricing in - but it seems $3.30 was VOC's natural price point without the debt issues and distrust of management, which is where it has returned to. So I don't think too much expectation is built into the SP.. at least I hope not! :S