Bargains just before the close on 30 June?

[greggles]

Surely just before the close on the last trading day of the financial year would be a good time to be on the hunt for good stocks sold down due to tax loss selling?

Does anyone do this or has done it in the past? If so, what have the results been like?

And while we're on the topic, has anyone spotted any good candidates this year that have been sold down well into bargain territory?

 

[Miner]

I put some money on CGC today. It is at high end but reading an article from Aitken - thinking of medium term.

 

[PZ99]

One hopes CXO falls into this category

https://www.aussiestockforums.com/posts/986867/

 

[PZ99]

There's a few more that might be worth looking at: CHK, GPP, IBN, JDR, LPE, MUS, RDN, S3R.

I haven't been studying these of late; they're just showing up as unusually cheap on my watchlist so it's a serious case of DYOR for these

 

[Country Lad]

In the past when a few of us had too much time on my hands and were holding quite a number of companies we have played around with the June 30 shenanigans but only during the last trading day and then only during the afternoon 10 minute closing price auction.

Have in the past sold shares I was holding which jumped during the auction and bought some which appeared to be dumped low. Mind you, it is difficult to do on your own due to time constraints to look for and to place orders during the 10 minutes and that is why I said "we". Has been lucrative the couple of years did it. I don't know it happens as much these days.

 

[Garpal Gumnut]

In the past when a few of us had too much time on my hands and were holding quite a number of companies we have played around with the June 30 shenanigans but only during the last trading day and then only during the afternoon 10 minute closing price auction.

Have in the past sold shares I was holding which jumped during the auction and bought some which appeared to be dumped low. Mind you, it is difficult to do on your own due to time constraints to look for and to place orders during the 10 minutes and that is why I said "we". Has been lucrative the couple of years did it. I don't know it happens as much these days.

I'm finding it difficult to find any "bargains" this afternoon.

gg

 

[Dona Ferentes]

I'm finding it difficult to find any "bargains" this afternoon.

gg

the tock is clicking ....

 

[Garpal Gumnut]

the tock is clicking ....

Or, buy in haste, regret at leisure.

gg

 

[greggles]

Or, buy in haste, regret at leisure.

gg

US stock futures currently in the red. The real bargains might come a little later this year. Something tells me the worst is yet to come.

 

[Dona Ferentes]

pretty savage EoFY clearing of the decks at 4.10pm.

 

[wayneL]

pretty savage EoFY clearing of the decks at 4.10pm.

View attachment 143482

Predictave?

Or contrarianly so?

(sic)

 

[Dona Ferentes]

Surely just before the close on the last trading day of the financial year would be a good time to be on the hunt for good stocks sold down due to tax loss selling?

Generally, I've found the Tax Loss selling action is done and dusted by now. If there is any ... and portfolio rebalancing would indicate this is the case.

And while we're on the topic, has anyone spotted any good candidates this year that have been sold down well into bargain territory?

Hmm. In the value end or the speccie end?

 

[divs4ever]

given the meandering nature of this month , will their be any bargains worth buying in the next couple of days

this year .. i suspect not , even serially hated stocks like HVN seem to be holding share price this month

 

[Garpal Gumnut]

The ASX is certainly beset by indolence and not the place imo to catch a trend and sit back with the only concern being when to sell and fix in a profit, for some time now. There have been too many surprises to the downside.

On the other hand the NASDAQ has been good for dart pickers with the dartboard holding the large tech and tech retail and chipmakers in this last month. This has nothing to do with EOFY picks but with capitalism shining with activity via listed vehicles which are held by many Mom and Dad investors in the USA.

NVDA, Amazon, Tesla and Apple come to mind although the futures NASDAQ is looking none too comfortable this evening before the morning trade kicks off at 11.30pm Queensland time.

Go West Young People, or Go East.

Anyone starting off in stocks in Australia could do worse than picking WES, BHP, WDS and MQG, and do nothing until review in 12 months just before EOFY time.

Australia is a quarry primarily and the further one gets away from big resources and big conglomerates the more one is facing a wall of unimaginative boards and CEO's.

gg

 

[peter2]

The ATO doesn't approve of wash sales.

 

[Dona Ferentes]

The ATO doesn't approve of wash sales.

Which is a different subject.

 

[peter2]

My warning about wash sales was in response to a post that seems to have been removed. It does seem out of context now but wasn't when posted.

 

[greggles]

Generally, I've found the Tax Loss selling action is done and dusted by now. If there is any ... and portfolio rebalancing would indicate this is the case.

Hmm. In the value end or the speccie end?

Was looking last year but not this year. Agree that most of the tax loss selling is usually done by the last week of June, but it's still often a good time to find oversold stocks.

With a possible recession on the horizon this year feels a little different... like there's worse yet to come. So I'll be standing on the sidelines until things become a little clearer.

 

[Garpal Gumnut]

CVN and AR9 seem to have some buying support towards EOFY.

I am a victim of merely one.

gg

 

[Dona Ferentes]

My two that might be turning the corner are EOL and CXL.

(not a victim, per se, but a demulyiplying of baggerhood, for both.)