GREY:AVGCF - Post by User
Post by
OptsyEagleon Jan 04, 2011 7:11pm
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Post# 17924782
It's Just Tax Gain Selling
It's Just Tax Gain SellingThat's all it is. Even in the bullion, any investor that may have thought of selling it in the last month or so would have waited until today, simply to defer the tax. This is happening in many TSX listed stocks as well, including AVR. The good news is that it don't take long (a few hours usually, but sometimes a couple of days) to get those sales out of the way. Not only will the buyers remain, but think about it. AVR was not the only gold stock to do well in 2010. If you sold AVR today to "take profits" and "defer" your taxes, that's great, but now you have the task of finding a suitable home for the proceeds. Even if you don't buy the stock you sold, you will most likely buy another. It is the same for the sellers of all those other gold stocks as well. They are looking tonight, for a new stock that may do as well as the one they just sold. Well, I doubt they are going to find a better growing gold mining company trading at less then 10x earnings like AVR. They will be all over this one, starting tommorrow. Trust me on this one. You see this every year.