Earlier in the forum someone had mentioned that someone knows something that we don't.
This maybe really true in VBA's case. Whilst the whole market headed higher, inclusive of Qantas, VBA goes down on heavy volume - 10million + shares traded hands.
The last time this happened was when the stock dropped on no news from 80Cents all the way to 50 and further down - before the profit downgrade
The thought that I have at this moment - Have the floods impacted VBA a lot? or is the market taking the view that the Delta venture may not go ahead?
I'd appreciate thoughts, but something doesn't look right to me....
Cheers Mayo
VBA Price at posting:
41.5¢ Sentiment: LT Buy Disclosure: Held