OTCQX:NTTHF - Post by User
Comment by
superscepticon Dec 18, 2018 1:29pm
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Post# 29130107
RE:RE:Tax loss selling ends this week
RE:RE:Tax loss selling ends this weekEric35: "panic without reason of selling."
There is big reason for selling and I do not think taxes has do anything with it.
Quite simple, Li spot price plunged 2.5% in one day, so did few other key commodities, inlcuding oil.
The relationship between junor miner and commodity prices are 3:1. I.e. 1% change of commodity price affect s/p by about 3% in l-t average.It is a rational sell.
I agree with you that stock is punished more, but is also riskier stock than others, such as ML. I also agree that it is under-rated and selling now could be sign of panic.
As Warren Buffet said, be fearful when others are greedy, be greedy when others are fearful.
Today's buyers will be ripping off good gains. Unfortunately, there are too many sells. Those who entering now at .67 will be satisfied with $1 and this may put cap on gain when good news will arrive.