It can make sense to sell a dog to offset the realised gain on...

It can make sense to sell a dog to offset the realised gain on another if you are in a taxable situation. The question is, why would you sell ANX at 2.3C when it’s back to its attractive value before the runup, and could spike up on positive news? Better to find something that’s gone down and is likely to stay down because the fundamentals have changed. Thats not the case here.

of course retail punters are famous for buying high, getting disillusioned and then selling low. This current selling before the end of the tax year does have a capitulation feel to it. Unfortunately the placement left a lot of people mystified, me included, but it’s important to draw breath and not just throw the baby out with the bath water.

Like Jaguar, I’m now committed to a longer holding period than first envisioned. But all my best investments have fallen first (well here I’m at least still close to break even).