Tax loss buys - purchases now complete
No we wait to sell.
A reminder of the logic of this trade. The North American tax year ends in December with the calendar year. Many Canadians and Americans sell their losers in order to realise a loss which they can offset against gains elsewhere to reduce their capital gains tax liabilities. The result is that certain stocks can get hit with a lot of selling pressure presenting an opportunity for bottom-fishers to pick up bargains.
Here are the purchases I was able to make.
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