RE:Don't panic.Garycook88 wrote: For those wondering and panicked. Tax loss season. Anyone who had the shares from last year. Halted etc. Now getting out and driving the price down. Time to pick some up if you're bullish! New year. More news. More results. Testimonials from doctors. Clinical studies. All to come. Send this up to 25 cents on some positive outlook.
100% agree on the tax loss senario. In 2017 this was as high as 93 cents. So at 7-9 cents it represents a very nice tax loss. Considering there is still time to repurchase it back before the end of the year in around the same price as we await news it might be one of the benefits some of the longs may gain from owning it. So in the next 3 weeks it should start to pop up on folks getting back into it. I wouldn't be surprised that some of the new positions today are folks that have already sold for income tax reasons and are taking advantage of the new lower pricing.
For those that don't know...look up the 30 day rule......(30 on the buy, 1 sell, 30 wait, next day your good to buy and claim the income tax loss) TFSA's excluded.
As far as panicing.....why would you panic...just because some people are using the situation to advantage themselves against other trades.....
Stay long....
old_dog