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The Grabber

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The Grabber

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Re: Neil Scott post# 23663

Wednesday, 06/20/2007 6:45:29 AM

Wednesday, June 20, 2007 6:45:29 AM

Post# of 47156
G'Day Neil

Congrats on your Sell activity!

The government has changed the Superannuation rules and for a brief window, closing on June 30th people can put up to $1,000,000 into Super without penalty. This is driving up the market to higher and higher levels as people sell properties and purchase shares or funds.
It will be interesting to see if there is any profit taking at the beginning of July.

For those of us 'Up/Over', could you please explain 'Superannuation'?

Also, I would expect 'profit taking' any time the cause of the preceding run up is irrational.

Best Regards, Steve (The Grabber)

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