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clock Created with Sketch. 20/01/21
12:02
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Originally posted by bigpelican:
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I think just because VUL dipped momentarily at $1 does not necessarily mean SOR will. A lot of people mistakenly sold at the one dollar mark in VUL and the stock quickly moved to around the $10 mark where it is right now without any revenue. Like VUL this company has relatively few shares on issue and will also move forward in healthy amounts on the right news. The thing that struck me with VUL was how there was hardly any pullbacks and any significant profit-taking was easily absorbed by investors. Granted SOR is not VUL but when there is such positive sentiment and a unique product with global applications the normal patterns of share trading go out the window somewhat.
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I guess the other thing to consider is how often do you deal with a scenario like this where all gains are CGT free as well as dividends being paid out in the future. Looking forward it actually seems kind of ridiculous if you think about where this could go
