This comment makes no sense. Why would someone lock profits IE a capital gain before 30 June? You would wait till post 30 June to delay the need to pay tax on the gain till the following FY
Your reference to tax washing is where someone sells before 30 June to lock in a capital loss to offset against other gains, and then buys the stock back early in the new FY. If done with that intent, the ATO does not look kindly on it. Not profit taking as you said.
I would say it has more to do with CDA being somewhat correlated to gold prices and gold just dumped late last week, along with general negative market sentiment today from US equities selling off Friday last week.
Anyway, May produce an opportunity for those with a long term view on CDA.
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