Then they buy back right after, if I was a short term trader (which I'm not) I reckon a good strategy would be to buy the EOFY selling then sell into the new FY buying, seems to be like clockwork! I do wonder how profitable tax loss selling actually is, seems like there's a major risk of selling cheap (since everyone else is selling) and being forced to buy back more expensive, thereby offsetting any tax benefit. Imo better to sit back and wait patiently for the 50% CGT discount
May Chart, page-7450
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.4¢ | 2.2¢ | $21.22K | 931.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3584481 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1992649 | 11 |
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| Last trade - 15.44pm 30/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |