MYQ 2.04% 25.0¢ myfiziq limited

Apparently my post with my opinion that tax loss selling would...

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    Apparently my post with my opinion that tax loss selling would heavily impact this stock was rep'd for unsubstantiated info.

    Hmm. Not really sure how the topic of "tax loss selling" can even be substantiated, since its all speculation, but perhaps it was misinterpreted.

    Investopedia defines it as "Tax selling refers to a type of sale in which an investor sells an asset with a capital loss in order to lower or eliminate the capital gain realized by other investments, for income tax purpose."

    Now, lets take that definition and look at the chart/time series of MYQ.

    On the first trading day of the current financial year the SP was at $0.38. It only closed higher than than a couple other occasions in October and Jan (when the stock was pumped to oblivion). Last traded $0.24c. It never dropped below 24c in this period, therefore anyone who bought would either be in a substantial capital loss, or at best, breakeven.

    So you have a stock thats been an in a clear decline for the whole FY, likely many agitated holders and management trust abolished, what do you get?

    Extremely likely that lower lows will be seen due to the established concept of tax loss selling.

    Hope that clarified a thing or two.
 
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Last
25.0¢
Change
0.005(2.04%)
Mkt cap ! $24.92M
Open High Low Value Volume
24.5¢ 25.5¢ 24.5¢ $29.36K 116.3K

Buyers (Bids)

No. Vol. Price($)
2 29991 25.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 8966 1
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Last update - 14.28pm 20/09/2019 (20 minute delay) ?
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Last
25.0¢
  Change
0.005 ( 5.66 %)
Open High Low Volume
24.5¢ 25.0¢ 24.5¢ 16785
Last updated 14.28pm 20/09/2019 (live) ?
MYQ (ASX) Chart
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