RE:Still a .70c spread for a couple more daysI highly doubt that you can take the capital loss due to the 30 day rule (superficial loss rules). You could try it but if the CRA saw it I wouldn't not be surprised if they denied the loss and made you defer it.
igstar wrote: Now if you held 1,000 shares of ALA.R .. you can sell, take a capital loss (outside the 30 days and are different securities - checked out), buy 1,000 shares of ALA ... and you have $700 to go buy some beer, or a few litres of gas in Vancouver.
OR
you can wait until Friday when the deal is approved ... ALA and ALA.R merge to the same price, you have no tax loss and no $700.00 cash.
You can see what WGL is doing, you can see the calendar ... and its your money. Hopefully you are paying 10 dolla commission, not paying some doppy broker, taking all your money.
Thats the risk rewards today, changes daily, by the minute .. as this winds to a close