RE:RE:RE:AS predicted -we traded over $5 on Friday , next prediction
Johnny41 wrote: Cyclewatch - all tax free in a tfsa, but when you own 100,000 shares, the gains are not tax free..... I'm way over the tfsa limit.... im going too get nailed to the wall for 2016.. hopefully I still own it in and year at 10 / share or so. Then i can sell and wait a year before paying all those cap gains.
First, I agree with juniorbullalive, target of $10 is within sight at this point. Can we retreat? Yes. Will we? Probably not.
Second of all, 100K share limit as part of the TFSA is a problem for you??
If you own 100K shares of BTE, that means that you own $500K in Baytex alone? How did you get so rich? How did you grow the contribution limit over the years to that much? Now, that's proof of success on the markets for those who ridicule both myself and Johnny here on buying at the lows! Tell us where you made these gains. Love to learn from past successes! I follow the winners, not the losers.
Yes, the 100K limit will wack the penny stocks but most of the penny stocks are whacked any way! Bringing some order there is perfectly fine from my perspective. 100K at about $46.5K contrib limit is a 50 cent min stock for any new entrant, that's fine.
And if your holdings announce a stock split, you just sell enough to stay in the limit. TFSA wasn't designed to be a retail traders tool and the government needs to manage that. The 100K share limit is fine for 99% of Canadians. So Johnny, don't be like the richest 1% guys hording all the wealth; share some with the rest of us ok? lol