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Message subject : Re: Effects of the GST on the share Market

This message was posted by priya on June 18, 2000 :

In Reply to: Effects of the GST on the share Market posted by warren on May 06, 2000 :

: I have a small number of shares I want to sell but I'm not in a hurry. Would
: I be better off waiting until after the GST, assuming the share price
: doesn't move around that much?

IF I WERE YOU I WOULD SELL THEM AT THE HIGHEST PRICE I COULD GET BEFORE THE GST, FOR A COUPLE OF WEEKS BUSINESS CONFIDENCE WILL BE RELATIVELY LOW AND SHARE PRICES WILL GO DOWN RELATIVELY, THAT IS MY OPINION. BUT IT ALL DEPENDS ON WHAT TYPE OF SHARES YOU HAVE. IF YOU HAVE SHARES IN SMALL TO MEDIUM SIZE BUSINESSES IT WOULD BE A GOOD IDEA TO SELL THEM. BUT IF YOU HAVE SHARES IN LARGE CORPORATIONS SUCH AS THE BANKING SECTOR THEY WILL NOT FEEL THE EFFECT THAT MUCH.

PRIYA

: Understand that changes to capital gains tax might make it worth my while to
: wait. I've searched the ATO web site but haven't been able to find a direct
: answer to the question.

: warren

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