I was concidering Trading CXO, when We Hit $ 2.00 plus.
I was trying to figure out the Tax consequences, for this Idea.
I decided to Simplify the equation, and this is what I come up with.
Buy 1 Share, $ .05 Keep it for 1 Year.
That Share is worth $ 2.05.
You Sell it, Making $ 2.00 after CGT, You Pay Tax on $ 1.00
30 % Tax = $ .30
I have to Buy The Share back, Cheaper than $ 1.75, before I end up in front, after Tax.
I understand, a 2000 % gain, is not normal, but it is CXO.
Does this look Right?
This has totally changed My Mind.
I figure Now, to Make a Trade Viable, I have to Buy in, around $ 1.50
This might help a couple others, that might be thinking the same thing.
I was concidering Trading CXO, when We Hit $ 2.00 plus.I was...
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.3¢ | 11.5¢ | $1.271M | 10.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 68 | 6581582 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1291003 | 15 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |