RE:RE:Handling ZENA still remains downward...its not 90 days u idiot its 30 days ;;;;;;;;;;;;;;;;
Foxbat143 wrote: Frankzanes you may be correct on this call. The entire cannabis sector was down for the year. I personally will not encourage tax loss selling and let me explain the reason. After selling any stock there is a 90 day period (Revenue Canada regulations) where one would not quality to repurchase said stock/s. That being so means one would miss the recovery opportunity.
We all know that companies like Aurora, Canopy, Aphria, Zenabis et al are going to be on steroids in 2020 notwitstanding what is being posted by the likes of truthteller1, edrose and other posting handles. Those guys are seasoned and savvy investors. They are on a buying spree as tax loss f00ls abandon their positions because of fear. Of course they encourage and create a climate of fear.
Unfortunately that is how the game is played. I have taken a huge position in Zenabis with the intention of purchasing a Lexus and a new home for cash (after settling with the tax man). I will simply buy more Zenabis and like the bashers I have my orders in to December 27th (end of tax loss selling).