17-Mar-2009 12:06 PM
Virgin Blue gamblers push price up. Jet Airways, Kingfisher rise again on faint hopes
Analysis
Virgin Blue shares (+17.1%) rose steeply yesterday as speculators (or a focussed buyer) invested in the hope either that a takeover would occur, or simply to increase a position in the stock while it plumbs its depths. The carrier advised the Stock Exchange that it knew no reason for the change, implying that the move was purely non-market driven.
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