Are tax loss sellers coming back?I wanted to check if tax loss sellers are buying back shares after their 30 days waiting period. SO I looked at the sellers 30 days ago and the sellers were (in order): Anonymous, RBC, TD Sec, Desjardins, CIBC and Scotia.
| House Positions for C:SGNL from 20221207 to 20221209 |
| 19 Desjardins | 4,000 | 1,380 | 0.345 | 17,060 | 6,094 | 0.357 | -13,060 | 4,714 |
| 7 TD Sec | 21,202 | 7,669 | 0.362 | 29,666 | 10,904 | 0.368 | -8,464 | 3,235 |
| 2 RBC | 49,372 | 17,882 | 0.362 | 53,458 | 19,191 | 0.359 | -4,086 | 1,309 |
| 1 Anonymous | 83,779 | 30,342 | 0.362 | 85,372 | 30,735 | 0.36 | -1,593 | 393 |
| 124 Questrade | 0 | | 300 | 108 | 0.36 | -300 | 108 |
| 88 Credential | 0 | | 284 | 99 | 0.349 | -284 | 99 |
| 14 Virtu ITG | 274 | 98 | 0.358 | 483 | 173 | 0.358 | -209 | 75 |
| 53 Morgan Stanley | 0 | | 100 | 36 | 0.36 | -100 | 36 |
| 36 Latimer | 835 | 302 | 0.362 | 269 | 97 | 0.361 | 566 | -205 |
| 5 Citadel | 844 | 298 | 0.353 | 0 | | 844 | -298 |
| 90 Barclays | 1,500 | 547 | 0.365 | 0 | | 1,500 | -547 |
| 85 Scotia | 12,000 | 4,320 | 0.36 | 10,000 | 3,642 | 0.364 | 2,000 | -678 |
| 57 Interactive | 3,000 | 1,080 | 0.36 | 0 | | 3,000 | -1,080 |
| 9 BMO Nesbitt | 3,000 | 1,090 | 0.363 | 0 | | 3,000 | -1,090 |
| 80 National Bank | 3,517 | 1,298 | 0.369 | 331 | 115 | 0.347 | 3,186 | -1,183 |
| 79 CIBC | 24,100 | 8,573 | 0.356 | 10,100 | 3,683 | 0.365 | 14,000 | -4,890 |
| TOTAL | 207,423 | 74,879 | 0.361 | 207,423 | 74,877 | 0.361 | 0 | -2 |
Today, the buyers are for now: BMO (new buyer), TD Sec, Anonymous and CIBC.
| House Positions for C:SGNL from 20230109 to 20230109 |
| 9 BMO Nesbitt | 32,900 | 13,760 | 0.418 | 120 | 49 | 0.408 | 32,780 | -13,711 |
| 7 TD Sec | 12,000 | 4,925 | 0.41 | 0 | | 12,000 | -4,925 |
| 80 National Bank | 7,370 | 3,021 | 0.41 | 0 | | 7,370 | -3,021 |
| 19 Desjardins | 6,000 | 2,362 | 0.394 | 0 | | 6,000 | -2,362 |
| 1 Anonymous | 19,000 | 7,507 | 0.395 | 18,027 | 7,040 | 0.391 | 973 | -467 |
| 36 Latimer | 2,275 | 871 | 0.383 | 1,418 | 567 | 0.40 | 857 | -304 |
| 88 Credential | 500 | 192 | 0.384 | 0 | | 500 | -192 |
| 57 Interactive | 50 | 20 | 0.40 | 0 | | 50 | -20 |
| 14 Virtu ITG | 45 | 17 | 0.378 | 0 | | 45 | -17 |
| 2 RBC | 0 | | 420 | 171 | 0.407 | -420 | 171 |
| 85 Scotia | 0 | | 5,500 | 2,200 | 0.40 | -5,500 | 2,200 |
| 13 Instinet | 0 | | 10,655 | 4,229 | 0.397 | -10,655 | 4,229 |
| 79 CIBC | 8,500 | 3,370 | 0.396 | 22,500 | 9,190 | 0.408 | -14,000 | 5,820 |
| 16 Paradigm | 0 | | 30,000 | 12,600 | 0.42 | -30,000 | 12,600 |
| TOTAL | 88,640 | 36,045 | 0.407 | 88,640 | 36,046 | 0.407 | 0 | 1 |
The day is not over yet, but 200K were sold during December 7th to 9th and we only have 90K bought today. Perhaps some buyers, seeing this moving 100K offer on the ask (which is at 42 cents now) are waiting to see if they could buy back their shares cheaper as they sold in average at 36 cents in December.