RE:Expect NILI stock to SOAR from Tuesday June 25 and onwardsdeepoil0808 wrote: On the TSX stock exchange, you will notice that most of the stocks are all trend lower, some making new lows.
This downtrend is not stock related.
It is fiscale policy related. The Liberal government changed the capital gains tax rate on stocks from 50% to 66.66% effective June 25th.
That means that all of those institutions or big shareholders or even little ones, who are in a gain position on a stock will want to sell their shares and crystalize their capital gain at the 50% rate.
This pressure will continue until Monday June 24th and is creating a once in a lifetime opportunity to buy any stock you want at dirt prices. Hence I have been loading up each day.
On June 25th, all of the profit taking will have been done.
Those whom did not sell are either people who are breaking even or at a loss.
So what does this mean? It means that starting June 25th we will have a massive order imbalance to the BUY SIDE.
No sellers left and a FLOOD of buyers flocking back into stocks as they want their shares back.
Combine no sellers + a furry of buyers coming back in and we get a HUGE STOCK MARKET rally in the TSX stocks.
You have another week to load up, afterwards we trend upwards towards NEW HIGHS in September - October period.
Good Luck,
I have to admit that this is the first stock I have ever seen that has a 100 % chance of making investors filthy rich . It looks like a no brainer. What could possibly go wrong ? I dont know if I will put a second mortgage on my house, but one way or the other I will see how I can load up