Fully agree with this "When a stock gains 135% in 12 months, you've got to accept days like today, otherwise you'll never get to benefit from the outsized gains that come with riding the longterm uptrends of superior companies"
My issue which I am cognisant of is that CDA is now more than 50% of my portfolio as I fluked the bottom five years ago.
My other issue is I would be paying ~25% capital gains tax on the proceeds without any significant losses to be crystalised
I did look into hedging instruments a couple of weeks back, but no Put options or Put warrants exist over Codan. I think that will change over time (if Codan were added to the ASX100) but for now I will sit this out as hopefully a small aberration after a great run.
Better not wake up to a negative announcement tomorrow!
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