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it is a strategy that works for short term holding strategy. but...

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    it is a strategy that works for short term holding strategy. but if the plan is to hold long term, depending on the initial entry price, your marginal tax rate, etc.. sometimes the only winner is ATO.

    e.g.
    cost base initial parcel of 100,000 ASN @ 20 cents $20,000
    sell @ 40 cents proceed $40,000
    less tax on gain assuming at max tax bracket $9,400
    net proceed after tax $30,600
    then buying back this morning @ 30.5 cents = $30,500
    conclusion: ATO gets $9,400 and you get $100; good for our country smile.png
 
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