I think a lot of people get caught out thinking about one side of the EOFY trade! Sure many will sell to lock in a loss if a stock has fallen and didn’t perform, take a loss and offset. But, there are many who are on the other side of the coin who don’t want to sell before EOFY as they would have to realise gains in their next tax return so they until after June 30 and then take profits without having to realise and pay tax for at least another year! I am one of those people on another stock I own, certainly didn’t want to realise those gains last FY as I’m considered a trader with ATO so kicked the can until after June 30!
Just thoughts of mine, but have seen it each year. There’s always the chance of things not quite right, insider info etc but most times we now have to remember that the share market is much more of a short term play with most and medium at most! Everyone these days seem to want instant gratification so holding mid/long term isn’t much of an option unless caught out with a loss.
For disclosure I didn’t sell my other stock, I’m looking to get off the ATO traders list and hold long on the few I have
GL all......
DUB Price at posting:
$1.23 Sentiment: Hold Disclosure: Held
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