Hi Yak,
"Ya cant really evaluate your trades with the retrospective 20/20 hindsight"... well if did that I may as well go to the casino and bet on red or black.
Your strategy is one of many potential examples one can take to try and minimise on losses etc.
Here is another strategy, say you earn a 100k p/a from you day job and you have hit the 49c tax bracket and then say you make "X" from a stock and sell (any amount) then a fair amount of cap gains will need to be paid... In that case it may be a more worth while wait 12months and receive the bonus 50% discount on holding those shares...then possibly applying your strategy.. (this is ofcourse that you believe the price will be higher then if you sold and had to pay the cap.g)
Too many factors to list...everyone has their own story.
However my intention was simply to display a level of enthusiasum regarding SMO... call it ramping if you will.
Luck = Information one does not have.
cheers.
SMO
smc gold limited
