RE:RE:RE:Wading Inbrentkosta wrote: sark666 wrote: It still doesnt make sense to me that someone would exit because of the taxation issue. Once they sell, they've realized the gains in this tax period. Why would they then not buy back in? If they still believe in this sector a sell with a rebuy would aleviate their tax concerns.
Because of this, i dont believe a potential tax increase would contribute towards the recent downtuen.
Because most people think the capital gains thing will be changed Jan 1 2018 or on budget release. If that's the case, selling this week could potentially save people a lot of money. I think its clear though now that they wont be changed.
That does seem to be the sentiment, that it wont be changed, or it'll just be revisted again in the future. Hoping for a bit of a lift in the market if its confirmed, only time will tell. Bought more at 9.64, hoping for the best. I mean, we gotta find a bottom sooner or later lol