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I DON'T GET WHY THIS STOCK IS BEING HAMMERED

As I posted on another thread last week:

Why would anyone in their right mind sell a gift?

Selling now for tax purposes may suit somepeople but why not sell other stocks which maybe in a loss position rather thanthis little (soon to be huge) gem?

People doing this should also be aware of thefollowing (defined as a "wash sale"):

"In 2008, the Australian Tax Office (ATO)issued issued tax ruling TR 2008/1, which specifically outlaws arrangementswhere “…in substance there is no significant change in the taxpayer’s economicexposure to, or interest in, the asset, or where that exposure or interest maybe reinstated by the taxpayer”.In other words, the ATO prevents investors fromselling a stock in one financial year to take advantage of a capital lossevent, only to buy that stock again in the new financial year."

It’s done all the time, but it's the gap betweensale & re-purchase that matters - in the USA the IRS says 30 days is aguideline. The ATO does not define a time period so investors doing this need to be careful