Bottom ???? Today will be Bottom for PSN ,,i started buying at 2.85 now and will buy 5 G at every 5 cent drop,,,,come Jan. it will be 5-6 bucksFP says East Asia, others could see gains in January
2012-12-17 06:03 ET - In the News
See In the News (C-EAS) East Asia Minerals Corp
The Financial Post reports in its Saturday edition that tax-loss season is upon us. Post columnist Peter Hodson writes that now is the time of year when investors try to reduce capital gains taxes as much as they can. If investors have actually taken any capital gains in 2012, the first thing these lucky folks do is try to find some losses to offset them. If you have capital losses offsetting capital gains, you can save up to 23 per cent on your tax bill (based on the highest tax rates). Because it has not been a very good year, there are lots of stocks that are down 60 per cent or more. Taking losses is painful, but reducing your tax burden by selling a few dogs can help ease the pain a bit. Mr. Hodson notes that East Asia Minerals is down 65 per cent, Niko Resources is off 81 per cent, Canaco Resources has tumbled 76 per cent and Poseidon Concepts has sunk 73 per cent. These stocks could represent opportunities rather than problems. Nimble investors can buy the stock on the way down and, sometimes, make a nice profit by selling higher come January. Be warned, this strategy is fraught with risks. Mr. Hodson says do not buy for the long term and get out fast if it does not work.
cheers