Concordia Healthcare Corp. T.CXR.R

analysis

[greatplay]

As I said before stock beginning to trade, as it hasn't for long time; means value is there, and yesterday disucssion from analyst was bearish and bullish at the same time. Bearish - 100% down, bullish 1400% up; ratio 1:14 is really good; per trader/investor, when ratio gets to 1:3, you jump on the bandwagon (higher side of course

[notwrong]

This post has been removed in accordance with Community Policy

[notwrong]

This post has been removed in accordance with Community Policy

[S2hadi90]

Greatplay, on a scale of 1 to 10 how confident are you that the SP will go back to at least $13 in the next few months?  If you don't mind me asking what's your avg cost? Mine is $22. Are you still averaging down?

[Marky1]

S2...it will eventually get up in the teens but it will take time...What I recommend is to look at your capital gains for the year....let's say for example your gains from other stocks or real estate etc is  an amount of $50 000....... Then you should sell enough Cxr stock to realize a capital loss of $50 000..this essentially wipes out your cap.gains tax and you save about $12 500 in

[S2hadi90]

Marky. Thank you for that information. Very helpful and re-assuring when you said it'll eventually get up in the teens. I hope you're right.  What's your take on the seekingalpha articles? 

[Coop007]

My understanding of revenue Canada is you cannot own the stock AT ALL You will need to sell All stock for 30 days to claim cap loss, This as far as i see includes what you have in TFSA & RRSP Please correct me ( nicely ) if im wrong Thanks

[TickerTwit]

That is my interpretation as well. To avoid a superficial loss, it must be a complete divestiture in all accounts, including registered accounts. .

[DanKwong1958]

tickerTwit, I was not aware of this.  Can you post the relavent section form the CRA website?  I have an accountant who has claimed losses against my gains in situations where I have not completely sold out of positions.   But these situations that come to mind I have not rebought stock.  Does that matter?  Thank you very much, I use Collins Barrow and every question costs

[TickerTwit]

Dan, See the CRA Capital Gains Guide, T4037(E) Rev.14, page 36. There may be a newer revision now. (1) The meaning of an "affiliated person" includes anything you control, therefore rebuying in one of your registered accounts will trigger a superficial loss. (2) If you claim a loss for a disposed property, you may not own identical property at the end of the exclusion period or it

[DanKwong1958]

thanks ticker for the time you took in detailing your response. I agree that if you rebuy within 30 days you trigger a superficial loss. That I was aware of. But to be clear, if you don't rebuy, but still hold a portion of your position, are you saying that you can not claim a loss on the disposed portion? I am not trying to be difficult - I just want some clarity as looking back I have

[Juice004]

Superficial loss is there to prevent you from taking a loss and rebuying immediately after. You don't need to be completely out of the stock in all your accounts TickerTwit wrote: Dan, See the CRA Capital Gains Guide, T4037(E) Rev.14, page 36. There may be a newer revision now. (1) The meaning of an "affiliated person" includes anything you control

[Marky1]

Thank you coop for pointing that out.....I will be checking with my accountant Monday morning to see if that is valid...Yesterday I sold 1/4 of my Cxr position solely to get cap.losses....I will rid myself of the rest if what you say is true....Many thanks to you for that most important info!

[CYBERPUNK]

Wait.  WHAT? You sold 1/4 of your position? And here I thought your $CXRC Bagtivism Campaign was taking off.... 0 replies0 retweets2 likes  

[GenericAdvocate]

LOL.  ....  And sorry MustardTiger if you are offended at CP's chart.  I am not laughing at people (well, ok,,,,   maybe a couple), mostly just the situation that people get themselves into and the way humans justify their decisions to themselves  - and ignoring information that has always been right in front of them.

[Juice004]

This is simply not true. What you have in your TFSA and RRSP's has nothing to do with your unregistered accounts for the purpose of claiming capital gains or losses. Once you take a realized loss you can apply against realized gains and you don't need to exit the position in its entirety let alone from all accounts.

[DanKwong1958]

Juice004, That is my interpretion as well.  You just can't rebuy the same stock in the first 30 days of 2017 or the superificial tax loss trigger but how can you be forced to sell out of your tfsa and rrsp when gains are tax sheltered by definition?  

[Juice004]

You got it Dan. 

[TickerTwit]

I don't recommend you take my word for it, and clearly you haven't, and that's good. The superficial loss rule was created to avoid abuse, and using a registered account to flip the shares into is an obvious abuse. But leaving a position in your TFSA ... or in your wife's TFSA ... that seems to be tagged by a rigid reading of the "affiliated" text in T4037. If I were to

[DanKwong1958]

Oh,yah, I agree "flipping " stock  into a registered account is not permitted and claiming a tax loss is definitely not permitted.   The point that is being queried, or at least the point I have questions about is the statement coop made and that s whether you have to dispose of ALL of your positions and in ALL of your accounts to claim a loss .... and I don't believe that

[dileas48s]

 I think it's also true that you cannot have purchased the same stock within the previous 30 days to the sale in which you intend to claim a capital loss. These purchases also include any other accounts you have. So you could not purchase a stock for your TF SA and then within 30 days  sell that same stock from your non-registered account and claim a capital gains. There must be a 30

[dileas48s]

I know it's been mentioned already but  this information is incorrect. You are able to claim a capital loss on the sale of stock from a non-registered account even if you maintain that stock in other registered accounts. However see my prior post where you cannot have purchased the same stock for any account in the 30 day period leading up to the sale which you intend to claim a capital

[Marky1]

I spoke with my accountant via email....He will be checking on Monday whether you have to divest all your shares for 30 days in order to have a cap loss....It is his understanding right now that you Don't have to rid of all your stock....you can sell some of your stock at a cap.loss and rebuy those shares after the 30 day wait......keep u informed!

[DanKwong1958]

"It is his understanding right now..... "    Seriously?  He has to "check on Monday"  and he claims to be an accountant?    Time for you to get a new accountant if he has to check.  EIther that, or you accountant is also a troll. haha

[Marky1]

Just got off the phone with my accountant!  It's official now...You do NOT have to share your entire position of Cxr to get your capital loss......Just have to not....not....buy it back for 31 days...So if you sell now you can buy it back in 31 calendar days, keep your capital loss and lower your cost average...be well y'all Markie

[Marky1]

Sorry..should read sell your entire position

[MustardTiger88]

You can claim capital loss on a TFSA?

[notwrong]

This post has been removed in accordance with Community Policy

[greatplay]

I'm not averaging anymore, bought too much, planning to cut some exposure, but I feel like it's going to jump, I think right shoulder is built successfully, and all the right testing to break it down by shorts have been down...

[CYBERPUNK]

greatplay wrote: I'm not averaging anymore, bought too much, planning to cut some exposure, but I feel like it's going to jump, I think right shoulder is built successfully, and all the right testing to break it down by shorts have been down... 50 minutes ago Another Baggie Chart Reader "says" $CXRX looks like its going up."