Down with the news, page-3

Agree with @supertramp that tax loss selling a very real phenomena. Disagree however that the underwriter is having an impact. Taylor Collison have barely traded in June. The selling has come from Morgan's and ComSec which reflects stakes TIS holders and those managing tax liabilities. I'll admit I thought the run had started last month. My best guess is that we now just have to wait for the June enrolment update in early July. We will be past the tax loss selling and the enrolment update will make it clear that we are just a couple of months away from full enrolment of the trial.