From my perspective, I have held since SEP last year and im not going to think about profit taking until i have held this stock for a year,unless of course something dramitic happens.
Correct me if I'm wrong as I'm a first time investor but you pay less CGT if you sell a stock after holding it for 1 year?
Assuming this is the case and where this stock is going im just here for the ride atm. I have read a variety of mags/forums on defensive trading etc but this stock is just crying out for a long term hold imo and i dont really want to reduce my position.
So far my initial $7,000 has not turned into $25,000 which is blowing my mind atm. (First Portfolio here).
I could not resist today in the office, i saw the current SP on the back of a bloody amazing last few weeks and stood up and let loose a cry of joy !!!!!
Im struggling with the idea of reducing my position here and with so much ahead of us fellow investors ...the question arises why would you ?
Perhaps if i had a more aggressive position i would consider it.
Anyways thats my newbie 2cent post on the subject of profit taking.
GO CDS !!!!!
CDS
comdek limited.
