EPW 0.21% $2.43 erm power limited

Trading patterns now may be influenced by EOFY book balancing....

  1. 818 Posts.
    Trading patterns now may be influenced by EOFY book balancing.
    If you have some capital gains you can avoid tax on gains by selling a loser (like EPW is in most portfolios now).
    Then, if you like it, grab it back later - even if you buy back at a few pips more you are still better off by far.
    It's called a wash trade and if the purpose is to avoid tax then not allowed , but if you are a broker with multiple account and gazillions of shares who's going to notice and who's to say one client didn't say SELL and another BUY.
    If you are a little guy though the ATO will probably throw you under a bus for it
    .
 
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