This week’s sell down could possibly be attributed in some way to investor profit taking at the beginning of the financial year to purchase other investments with the principle/taxable portions. I did, and was hoping to sell some +$2, I got it wrong.
But, I wanted to take advantage of a lowly gold specie that has also been belted down in the last 4-6 weeks and I will not have to pay the taxable portion of the KDR profits to the ATO for another 18-20 mths.
Meanwhile the KDR wellies are not overflowing but still near full, shorters are timely in their decision-making process and by the end of the month this period of time will be stored in the memory bank for next year - if I remember.
Looking forward to another $2 party soon and then that $3 party that some learned posters have mentioned. Bye …
…………………………………………………………………………..
Discount the obvious, bet on the unexpected. ~ George Soros
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