I have heard from a broker that many of his clients are selling part of their portfolio to go really big on Medibank which they reckon will be a huge stag profit which they then intend to reinvest after they get their money back. I thought it was rubbish but have today heard it confirmed by another party. I would suspect that like June we now have a secondary time when people will look to sell those that cause them the least amount of tax - PGC could be a candidate. i have seen it in two other shares that steady volumes are being sold each day.
For what its worth I think that 32c or 31.5c may well get hit.
PGC Price at posting:
33.0¢ Sentiment: None Disclosure: Held
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