The best investors respect TA and FA. Of course CGT is a consideration but if you were a decent investor you would understand hedging, so no need to trigger CGT. No one is telling anyone what to do (unless they have a weak mindset and follow a random guy on the internet). If an investor is putting new money into CBA, they really need to look harder at the investing universe.
I think I answered all your ragey and misunderstood musings. Never called a sell at 120. But if you also understood seasonality of bank shares, you would not be defending a 160+ share price as good value. The near term didviend is also holding up CBA for now relative to the other banks. And once the music stops, the momentum will be as unbelievable as on the way up. Many eyes on this waiting for that weakness.
Come back and tell me I was wrong in September.
CBA Price at posting:
$162.67 Sentiment: Sell Disclosure: Not Held
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