Post by
hobbs2969 on Dec 02, 2021 10:03am
Panic Selling
I have no idea why there would be people willing to sell 500 000 of their shares at 0.075 cents. You would almost think that a halt is just around the corner. This is a stupid decision on their part. I am convinced that best days for MedX lie ahead, so giving away your shares at 0.07 or 0.075 cents is foolish. On the plus side though, I thank you for giving me your shares. I am happy to buy them from you. I just keep accumulating.
Comment by
Dunworkin2 on Dec 02, 2021 11:20am
At this time of year many do tax loss selling (for cash account holdings) so if they have gains on other stocks, sell some losers to offset those gains. Then buy back after 30 day period to stay on the good side of CRA.
Comment by
hobbs2969 on Dec 02, 2021 2:26pm
Thank you for the explanation, Dunworkin2. Much appreciated.