I knew a fellow who bought Poseidon shares for $4.25 & saw them rise to $285.00 then fall to basically zero. He could not afford to sell for tax reasons.
The benefit of selling CBA around $145.00 is that you should have the opportunity of buying back at a much lower price. I am not suggesting selling 100% of your holding but sufficient to make a good profit & be in a position of liquidity to buy them back when the price falls.
CBA Price at posting:
$144.10 Sentiment: Sell Disclosure: Held
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