Agree but technically they are not taking profit they are realising a loss and are left with the new shares at an attractive entry point. FIFO is how most account. the only people actually taking profit are new entrants via Patto in the placement (we know that wasn't many - Hockings got almost all of the shortfall by the looks of things) or people who bought @ 1.3c pre rights (average entry 1.15c) or took up extras in the placement that got them an average lower than 1.2c. I got some around 1-1.5 June last year but not enough to be saying I'd be taking a profit @ 1.2c
With the big market having a hissyfit again no one seems to care about the tiddlers.
PYC Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
