Well, I held off selling for what sounds like much the same reason as you, I didn't want to pay full whack of tax by selling, in my case it's largely due to not having held for 12 months so I'm not eligible for the 50% CGT discount.
It appears that incentive not to sell has helped me hold on through a rally I thought had likely extended too far, I'm still hesitant to sell based on still not hitting the 12 month mark, I would definitely be selling now if it weren't for that.
Pretty happy with the colour green in my portfolio though, just have to do my best to ensure I don't get too greedy and remember to sell when I hit my valuation targets, for me that was $9-10, we are now through that and I don't believe the results I just read were enough to justify raising that valuation more than 50c at the most.
I would now call $9.50-10.50 full value, anything over being overvalued.
So now my call is full value but not overvalued and I generally move my sentiment to SELL when I think it's full value as I don't like to hold when it heads into overvaluation, this often leads to me selling too early, I also make the same mistake in buying too soon in the reverse scenario.
Ps: my sentiment is soooooo close to changing to SELL but not quite there, would love to hear any updated analysis from others, I'm not seeing this as a growth stock at this point as I previously had a few years ago, certainly dividend payout ratio supports that view IMO as otherwise more funds would/ should be getting reinvested into the business.
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$6.37 |
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Mkt cap ! $4.402B |
Open | High | Low | Value | Volume |
$6.25 | $6.43 | $6.22 | $26.64M | 4.198M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 880 | $6.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.37 | 999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 65 | 6.280 |
2 | 3903 | 6.240 |
1 | 2400 | 6.230 |
2 | 10266 | 6.220 |
2 | 8048 | 6.200 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 21000 | 2 |
6.470 | 267 | 1 |
6.490 | 1000 | 1 |
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6.520 | 9693 | 2 |
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