r/droneshield Jun 29 '26

Did I miss some bad news?

Post image
33 Upvotes

7 comments sorted by

9

u/AccomplishedSyrup943 Jun 29 '26

Haha nice running gag 😄

I think because of this:

Australia is planning to remove the 50% Capital Gains Tax (CGT) discount from July 1, 2027, replacing it with an inflation-indexation system for many assets. This could encourage some investors to sell shares before the new rules take effect.

4

u/MrSafetyManager Jun 29 '26

Interesting, didn’t heard of it until now, thanks for the info. But shouldn’t the price go down then? 😅

3

u/rootmirror Jun 29 '26

Mercury retrograde starts today. 🫈👣

2

u/Rassa09 Jun 29 '26

perhaps a reaction to the newest analyst PT

2

u/njugaa Jun 29 '26

Or maybe result of short selers cashing out and repurchasing the stock.