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22/09/18
19:43
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Originally posted by FaradayFaramir
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It’s a pity my first batch shares were purchased at $0.69. Next lot at $0.29 and a small lot at $0.15. Although my average is $0.34. I am beyond break even. Am I patient enough for SYX to return back to $0.69??? ID selling his free shares to pay tax. PAYG wage earners pay tax immediately. My accountant gets me to pay wgat I owe ATO each quarter when I submit my BAS. How anyone not realise that tax is payable and therefore have a mental note: “leave something in the kitty for tax.”
There are many go things I like about SXY but this action does not make me feel comfortable. Gillian Wong did something similar to Sirtex Medical and its share price got thrashed. Will it be the same fir SXY. My confirmation bias needs to be proven wrong.
On the plus side, we need GAS. Oil prices are rising.
I should not draw similar parallels with Ian Davies and Gillian Wong. Am I being too superstitious?
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Yes how can someone say how promising something is when they are then selling it.
I want to wait to the outlook, but this just stinks. Esp when there is another oil and gas company that I have my eyes on.
Had too many beers to think straight atm, but if ID can't manage his tax cash flows how on earth is he going to manage SXYs!!