Hey mate, It's simple..... people tend to sell off between...

Hey mate,


It's simple..... people tend to sell off between news.... particularly if news is months away.

Many in the market are impatient and don't want their money tied up. They're also looking for the next big thing that's going to 10 bag, and they figure they have enough time to get back in.

I don't short term trade personally. I'm a long term investor. The 12 month CGT discount is very alluring and it's much easier to just invest in a good company and wait (whilst keeping up to date with activities and reassessing risk vs reward).

This is a fantastic long term hold and undervalued at these levels IMO. Look at it as a great opportunity to top up, funds permitting.

It could very well drop more, but ST fluctuations are irrelevant for those who hold long term (other than topping up).

All IMO.

Cheyne.