re: don't sell
Virgin will go a lot higher, especially if the market breaks out. Institutions dumped the stock after the Toll demerger and once it moves higher they'll charge back in. Air NZ and Branson have half the stock which also assists the supply and demand equation. Also it helps that Qantas is in perceived difficulty as they'll be s switch to VBA.
They'll be resistance at the 40-50 cent level but the next stop after that will be $1. They'll also return to profit next year which will help VBA along.
VBA Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
