TSXV:KEN.H - Post by User
Post by
JRSDIRECTon May 11, 2018 9:09am
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Post# 28017234
Investor Advice - Hugh and DJ
Investor Advice - Hugh and DJHugh - Invested $3000 @ $0.14 - Current market value @ $0.03 - $600 (Loss if sold $2400)
DJ - Invested $800 @ $0.14 - Current market value @ $0.03 - $160 (Loss if sold $640)
My advice in this situation is that the loss if sold is so signifcant there is no point in selling at this immediate time.
We just passed tax season and the window to declare any capital gains/losses. So my suggestion is to wait until the end of the year. Evalute you portofolio and sell to declare the capital loss to offset any capital gains from the selling of other stocks in your portfolio over this calender year.
The other option is to hold, and set an alert for this stock which can be set-up through many apps that are readily available, watch closely (as this stock appears to swing with the wind), and sell if you see a sudden uptick.
Best of luck.