Great Southern Plantations (GTP-$2.55) announced it had sold $50m worth of forestry products under its recently closed prospectus. That's an impressive 166% increase on the same period last year and almost equal to the sales for the full year in 2002-historically this first prospectus has represented less than 30% of the total year's sales, so things look rosy indeed for the 2004 year. There's no doubt the company is thriving, but it seems every time the company does something good, the share price does something better. It's up 9% since issue 145/Feb 04 (Hold for the Upside-$2.33) and a whopping 298% in the year since our Buy recommendation of issue 121/Feb 03 (Buy-$0.64). We think the share price is getting ahead of itself and we'll explain our reasoning in a full review soon. But, especially if Great Southern now represents a large part of your portfolio, now is a good time to TAKE PART PROFITS. A cautionary note however-many subscribers own shares in Great Southern but haven't yet held them for 12 months. You should speak to your accountant but if you get concessional capital gains treatment for holding the shares for 12 months, we would suggest you consider waiting until that time is up before selling. That way you halve your capital gains tax bill, so you can afford to have the share price move against you quite significantly and still end up better off after paying the tax bill.