MAY
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5.26% 3.6¢ melbana energy limited

May Chart, page-7450

  1. TheAnalyst007
    16,354 Posts.
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    24/05/23
    11:04
    Post #: 67934137
    Then they buy back right after, if I was a short term trader (which I'm not) I reckon a good strategy would be to buy the EOFY selling then sell into the new FY buying, seems to be like clockwork! I do wonder how profitable tax loss selling actually is, seems like there's a major risk of selling cheap (since everyone else is selling) and being forced to buy back more expensive, thereby offsetting any tax benefit. Imo better to sit back and wait patiently for the 50% CGT discount
    MAY Price at posting: 7.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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