The trading patterns are becoming more evident. Watch this get sold down (small parcel) again after close during match-up to give it an artificial close of 23.5.
Watch out for those 100k bids getting bought up (likely by the same person) to give it some volume and to scare off other bids. Also note the gaps on the way up so that it can be quickly inflated back to 29+ before another sell-down (assuming that t/o news doesnt eventuate in the next few weeks).
At this rate, I believe that its quite possible that VIR will see 18-20 again before getting re-inflated back up.
Spoke to Duncan several 2 weeks ago and he noted that a cap raising at these prices is highly unlikely (15-30). While he said that he was not involved in the t/o talks, apparently we can expect a result an announcement in the next few weeks (est about a month when I talked to him 2 weeks ago).
This one isnt going under anytime soon. The green initiatives in the budget are an encouraging sign as well, despite the fact that it is solar-energy oriented; signalling a greater inclination towards green energy.
VIR Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
