GREY:NKRSF - Post by User
Post by
dubsbson Nov 22, 2014 7:17am
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Post# 23154643
tax loss selling
tax loss sellingToday is the end of my 30 day waiting period for tax loss selling of nko. Starting monday i will be buying with a vengence as will others I would believe. I think Friday was a pivitol point for nko with great volume to the upside. If people are selling for tax losses they generally do it in oct to enable them to return to market in november and enjoy xmas rally and be in for rrsp buying spree by fund managers in february. I believe December could be a good month for nko due to expected release of deep water pricing and more difinitive direction from nko management.
regards