Take profit - sure, but if you want to buy back in consider your after tax breakeven. For a top taxpayer who has held less than a year your breakeven is below 4c if you held from say 1.5c to 5c. Over a year helps bring it above 4c and lower tax bracket might make it worthwhile if you get it right.
An actual short would be very dangerous on a stock that many believe is already worth multiples of it's current value, is held very tightly in concentrated holdings, would have just broken through a multi year high, is obviously seeing significant new buying interest in volume and has just had a broker valuation released saying 7.5c before 2 significantly qualified international directors joined the Board who recently worked together at a pharmaceutical company that has a market cap larger than our largest company.
Very dangerous short I would think.
I just hope my enthusiam has helped some long term holders stay in when it was tough going.
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