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Orca you are rude and obnoxious, that is why I spend so little time here

But then  i attribute that statement to the fact that my portfolio is doing shit and yours not.

But the game just shows how volatile things are, a once off buyer of tkg being on top, A share being punted to dip below R10 standing at almost R18. My sgl worth about R10 - R 14, and on R 7.

There are some shiners and some far off good highs. This to me is a traders market and not investors market, apart from cml. But as in my eternal crusifiction of CML , I see them below R55 by year end.

They are in effect a little local company trading way above where they should be, because of sentiment and profits earned from stimulated marker conditions.

Would be good that as this is an ongoing game , that  starts fresh every year that patrick could keep the first years finals on record to compare with current prices thereafter.

interesting article

http://www.moneyweb.co.za/moneyweb-investment-insights/how-long-do-you-keep-your-shares

I have learned my lesson. If you sell, say R1M after a 50% gain and you are in the 40% tax bracket, you will pay an amount of R193 600 tax on your R500k gains after the R16k costs as it will be revenue.
Now as you probably do not have the extra cash on hand, you will withdraw the money from your cash account at your broker to pay SARS. This will leave you with R806 400 in your investment account. A loss of just under 20%.
If you expect the market will drop by more than 20%, then by all means, sell.

I will hold even though I know the VIX is high.

Your sums and my sums don,t add to the same.

If I Sold R1m after a 50 % gain, it means I invested R666 666 + 50 % R333 333 = R1m. On the R333 333 I pay tax of say 40% R133 333 leaves me with a profit of R200 000. after I withdraw to pay the taxes it leaves me with 30% profit  and a sum of R866 666 to invest again after the market has dropped. I do not expect the market to drop by 20% , but certain shares maybe. But what I normally do is buy into a different share that is oversold and has potential. So i sold bil and lon, which I expect to have a bit of a correction and bought some aeg which I expect will recover somewhat.

I also have losses and make bad choices so, profits are sett off with losses, But in my situation the taxes are different, it all goes through a business, so the R133  333 is mine as well

http://www.satrix.co.za/products/satrix%20indi.aspx

http://www.satrix.co.za/documents/march%202013%20-%20satrix%20indi%20-%202013/04/10%20-%20quarterly%20fact%20statement.pdf

any one got link to more info on them

at 190 on the reduced shares the old price is .038 and you bought at .06.

read comments on this site

http://www.lse.co.uk/ShareChat.asp?ShareTicker=CRND

read the results of their agm, 49 of each 50 shares have become deferred shares

http://demo.crg-sa.com/wp-content/uploads/CRD%20AGM%20SENS%20RNS%20Announcement%20V4%20070613.pdf