Tax Loss Trades Latest
All Systems Go. The Heat Is On.
Tax loss selling season is over. The new year and, more importantly as far as this post is concerned, the new tax year has begun.
A fortnight ago, I outlined nine beaten-up small cap resource stocks in Canada that were likely to see a lot of selling as the tax year ended, as investors at both the private and institutional level realise losses to offset against gains elsewhere.
The selling dries up in January, so now it’s time for the rebound.
Today’s piece is an update on progress.
We projected December 20-21 as the climax of the selling, and it was for almost every company on the list.
I left some stink bids in the market. Some got filled, some didn’t. Here’s how it is all working out.