Seems apparent to me guys that its (the sell down) people taking profits around $1.00. Fairly predictable around these round number levels and quite honestly I dont blame anyone for taking a good profit off the table.What you achieve by this is to hand the shares to more patient investors who,looling for 100% profit themselves, wont be offering them back to the market for under $1.90 or so.Personally I to stretch my trading time span to more than 12 months so as to minimise tax.Too much is eaten up by the Deputy Commissionar if you hop in and out of stocks and believe me it can be a tad annoying having to cough up @ tax time!
regards
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
