Some people in the financial industry are saying Virgin Blue was overpriced and are sceptical the issue was genuinely oversubscribed 10 times as there is little evidence in the current trading market.
The latest edition of Your Money Weekly is negative on DJ and says they would come off second best in a price war with QF due to their financial strength.
The article goes on to say that even Qantas Holidays makes almost half the profit DJ is making without any high risk capital intensive investment.
Finally a warning is issued for conservative or long-term investors.
There is talk we will see airfares as low as $29 next winter when Jetstar starts to muscle in on Virgin Blue. The trans tasman could also be a battlefield with Freedom taking on Virgin Pacific.
"Fasten your belts"