Originally Posted by
Roger
Been paying a lot of brokerage janner, LOL.
Sold out from an overweight position and took good profits' when AIR advanced VAH the loan when SP in the mid $2.80's. Held on too a few for interest.
Bought back about half of shares sold when AIR announced they wanted to sell VAH itself, a week or so later, AIR's flip-flop, not mine, (this transaction was broadly price neutral to the earlier sale but copped a small hit with brokerage each way) so got myself nicely balanced at around $2.85 (circa 9% portfolio allocation). Felt happy there.
Then it raced up a bit to $3.03 or thereabouts on speculation of a quick sale of VAH and I had a little snack selling one third of my balanced position to be slightly underweight which is where I am today, holding about 6% of my investment portfolio.
I think its a hold at this level but would look to add some weight if it falls back a bit more, say to $2.75. On the other hand if the March operating stat's due out in the next few days are highly satisfactory I might take a view that anywhere in the low- mid $2.80's is good to go back to a balanced position. As others have suggested and I tend to agree, you need to work the swings a bit with this one to try and get a satisfactory return...but its hard work. Consensus broker valuation is still $3.26.