DYL - Deep Yellow

[Fab]

Hmm a $300,000 position on a small cap.

I thought Kerry Packer had died?

I have to say that sounds dodgy to me too
My understanding is that you don'y get the same benefit when buying shares under a company name as you would as an individual

 

[x2rider]

I'm out as well .

I got it just on 16c and have made some good coin . I might buy in on it later so hopefully it will get filled and away we go again

Cheers Martin

 

[nizar]

this company now has a similar market cap to AGS, amazing

there is a U bubble in the junior end I wonder how long it can last, U fundamentals are great but explorers being priced as if they are on the cusp of production

it's crazy

no1 cares. fundamentals dont matter in the short term. u just get in, make money get out, lose money get out quicker.

 

[spitrader1]

no1 cares. fundamentals dont matter in the short term. u just get in, make money get out, lose money get out quicker.

that statement is the best qoute ive heard all year supporting the theory that someone is going to get burnt, HARD, soon. it may not be tomorrow, it may not be in six months, but its going to happen.

 

[Bongo_Boy]

I think you have to be brave to trade this one. Congratulations to everyone who has made money on this. What steps do you take in avoiding a big loss if the sentiment turns ?

 

[Sean K]

Hmm a $300,000 position on a small cap.

I thought Kerry Packer had died?

Tech/A, it seems that from what we are told, a 32 year old (I think) has enough balls (or whatever is equivelant), and resources to switch from one speccie to another without hesitation, with a life savings on the line. Good luck to the person that can do that! Or believe they have.

 

[champ2003]

I buy within a company name. Taxed at 30%.

Actually its only taxed at 30% if you are selling and keeping it in your company trading account. As soon as you take it out of the company account and transfer it into your own account for cash you get taxed the rest making it up to the top tax bracket so in the end you still get taxed 48.9% tax or roundabouts.

Keeping a company trading account is only good if you want to accumulate money and shares within the account so it great for saving and it will always only be taxed at 30% whilst in there.

I've had advise on this before.

Cheers!

champ2003

 

[Sweet Synergy]

I think you have to be brave to trade this one. Congratulations to everyone who has made money on this. What steps do you take in avoiding a big loss if the sentiment turns ?

BB. Its more about confidance and practice than bravery This one has been easy to read, the volume has been up confirming the positve days and lower on the down/sideways days etc. I like to look for a big volume day breaking resistance to get in and then for stop loss management .... look at intraday chart for obvious strong support level below the price action and then place a stop loss just under. .... Simple in practise, sometimes hard to do!

---------------------------------------------------------------------

Hey Jemma ... congrats on the great call! Hows your exit strategy going for this one? are you still in it?
.

 

[Bongo_Boy]

Thanks Sweet Synergy. Is the stop loss an automatic thing through the online trading tools or do you "watch it like a hawk" during trading hours ?

 

[Freeballinginawetsuit]

Actually its only taxed at 30% if you are selling and keeping it in your company trading account. As soon as you take it out of the company account and transfer it into your own account for cash you get taxed the rest making it up to the top tax bracket so in the end you still get taxed 48.9% tax or roundabouts.

Keeping a company trading account is only good if you want to accumulate money and shares within the account so it great for saving and it will always only be taxed at 30% whilst in there.

I've had advise on this before.

Cheers!

champ2003

Thats quite a simplistic statement. Lets face it money made on share trading can enable a few lifestyle goodies or some wise investments. The average worker bee is taxed regardless on his net income and his disposable income is all that he has to finance his lifestyle. Company's, Trusts etc give control over your net gains, how you direct them and keep the taxman at arms length. To believe otherwise is simply innacurate, only a fool would not set up a Company if they net over a hundred K each year.


The company tax rate applies to the profit/loss of its activities. Directors fees are usually at the low end of the tax scale (below company tax rate) and you only pay personal tax on these.
Gains made could also be offset against other directors costs such as business trips that are really holidays, company vehicles that are really personal vehicles, company owned property that you are really living in, company items(electronics, clothes, furniture, utilities), that you are really using.

All of the above the average PAYE wage earner would have to pay from their gross disposable income, a company director would get his company to pay for it.

If your proffits from trading are used in general company business etc and written off in item purchases/developments or general business expansion you probably pay little tax. Buy the time you realise your initial profit gains on your share trades the original money has probably been funneled into a number of areas, a family trust, a capital gains on a private property (if you live in it for longer than a year you don't even pay that) or increasing your company's worth, turnover etc.

 

[spitrader1]

that statement is the best qoute ive heard all year supporting the theory that someone is going to get burnt, HARD, soon. it may not be tomorrow, it may not be in six months, but its going to happen.

14% and counting!!

 

[dingos]

lol i wonder if bongo boy figured out what a stop loss was in the last 12 hours other wise he maybe one of many peeps getting savagely burned by dyl today,

 

[toc_bat]

thanks kauri, enlightening i appreciate it,

by the way which bank or broker do you use? your interface has the indicative price, mine does not, I use ANZs Etrade

bye and thanks again

j

 

[pacer]

Thanks Sweet Synergy. Is the stop loss an automatic thing through the online trading tools or do you


What the????...........sell all you own and come back in a week or two...after educating yourself...it's not a casino.....

I'm serious mate....you dont play footy with a cricket bat!

Ok.....sorry I snapped......nice to see you here....but you gotta learn...

 

[dingos]

lol actually after that shake of dyl youd probably be bettter of not hving a stop on it this morning

 

[Bongo_Boy]

lol good to get a reaction.

I'm more a fundamantals type of guy and not holding the stock. Simply want to listen to the thinking of those who do. It is allowed you know.

By the way, i also vouch for the company method if you normally net over 100K through shares a year. You can control your income to your self (up to say $75K) and let the rest ride at 30% tax. Even better if you let it ride in Super (15%) but you have to trust the government won't change the rules before you reach pension age - which for me is a few decades off, so i don't.

It is particularly useful if you stop work and trade (or in my case invest ) on a full time basis. Family members can become shareholders and each can get paid dividends (%100 franked) to take advantage of the income splitting.

Still interested in the mechanics of the stop loss procedure, if that's ok. And yes, i do know what it is, i just don't use it.

 

[dingos]

i use it on westpac costs 30$ whence a stock meets youre requirements it is placed into the market so if it goes to 15c it automatically sells at 15c or something,

 

[Bongo_Boy]

Thanks Dingos. I use etrade. I'll look to see if they have a similar thing.

 

[MalteseBull]

DOWN SHE GOES!!!!!!!!!!!!

lucky i am not in this

 

[krisbarry]

and now up she goes