dead cat bounce, page-14

tuggeranong - you must live in Canberra too?

The tax is an issue and one of the reasons I did not sell. I have a buy price of 2.3c for a large holding - I considered selling first thing on Monday morning and would have jagged somewhere between 9 and 9.9c probably but possibly less given that I was unloading with both barrels.

Did the quick mental maths and decided that paying tax at 40 or more cents in the dollar on nearly 80% of the holding was going to be too high a price to pay to just adjust my buy price by a few cents (intending to buy back in at around 6-7c if it went that far south).

Decided not to sell or to speculate. My logic was that the company itself had not changed between last Thursday and last Saturday. The only change was the overall sentiment towards U and reactor operations specifically. Decided that this was not only going to be relatively stable despite the media hype, but the push to U was inevitable for all the reasons many others have professed on the PEN thread in recent days (and thanks to the other cool heads about PEN).

Why pay tax if you don't have to. Julia hates U, why should I give her any of the profits.