watso wrote:
>he also had sold a property, on which he was sitting
>on some capital gains, so any losses, could be written
>off against the profit
This is not true, unless you are classed as a 'Trader' by the ATO. You can only offset losses on equities, against future gains on equities.
http://www.ato.gov.au/content/Businesses/21749.htm
Other than that ... LUM is GREAT! :)
This retracement in price was due, and will create a support level for the next price increase.
Add to My Watchlist
What is My Watchlist?