hard in this environment to piece the 'fog of war' especially with wealth managers such as ED1.
Given persistent price weakness which continued post 30 June (which means it can't be explained by tax weakness), I cut my position several weaks ago and copped a loss.
Still hold some, but in this environment one doesn't want to be over exposed, and having some cash on hand is good.
Win some loose some.
Evans Dixon: Australia's Boiler Room, page-25
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