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
- Forums
- ASX - By Stock
- ASN General Discussion
it is a strategy that works for short term holding strategy. but...
-
-
- There are more pages in this discussion • 16,878 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASN (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $135.5M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.0¢ | $361.4K | 3.482M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 614025 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 118845 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 614025 | 0.100 |
2 | 200000 | 0.099 |
4 | 105001 | 0.098 |
3 | 115220 | 0.096 |
7 | 788720 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 118845 | 1 |
0.110 | 787364 | 6 |
0.115 | 248989 | 4 |
0.120 | 825468 | 9 |
0.125 | 387452 | 7 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
Featured News
ASN (ASX) Chart |