re: re would you listen/mrt macrae12 you said..."...she dropped...

re: re would you listen/mrt macrae12 you said...

"...she dropped from 32.5 to 25.5 in the space of a few days and has now recovered. Bwana picked some more up at 26c after selling at 32. If any long term holder sold at 32 and rebought at 26/26.5 with the equivalent $ holdings - your CGT would have been virtually paid and be in profit again already. "

Not true mate anything you say - first of all it never hit 32.5 on that run - it hit only 32 on 3rd May and hardly any traded there.

Second - it didn't drop to 25.5 in the space of a few days - it got there the next day only on 4th May at the close and hardly any traded there either.

Thirdly - you called a retrace to 22 and stuck by this on the evening of the 4th May - the stock gapped up the next day to 27 and closed at 29 and hit new highs later. If a person took your advice they would not have got back in.

If they did get back in and at near the same level - they have a tax liability so less to invest - or play with money that isn't theirs for a short time until the tax collector calls.

To top it off - if an individual and the stock runs harder from here and hits a real selling level in less than 12 months - they may pay 50% tax and not 25% - LOL!

Nothing wrong with selling out - lots have and in months to come that might prove the best decision - but you were predicting "SHORT TERM SELL" only mate and "GET BACK IN" - and balls it up. No credibility.

By the way - this isn't a NDO example - your scenario applies to any stock and trader/investor with such conditions ;)

NFI - a very dangerous poster you are that should be banned.

And remember folks he sold at 7 - 9 cents for a half cent profit (so he claims) - lol! Not exactly someone to listen to????