RE:RE:who wasnt expecting a down turn Hard to find actual info on the subject but from what I have read on the net, if you have 250k in your tfsa you will be red flagged and audited, meaning they look at your past history and probably monitor going forward. The audit amount was at $1 million to be red flagged a few years ago and probably will get lowered again from 250k eventually. There has been a few court cases over day trading with a tfsa or running a "buisness" with a tfsa, some won, some lost, they all paid huge lawyer fees. The penalty is 100 % fair market value but they can reduce percentage however they see fit. The written rules are all vague which isn't fair really. Word of caution if you own pyr in a tfsa, expect to make at least the current red flag amount ! Day trading would be very risky with this stock. Like I said I expect pyr to skyrocket so keep the tfsa restrictions in mind.
macallan25 wrote: That is true. Buying and selling is a flag but I think they don't worry unless u turn 69500 into 1M. I've heard they start looking at 250k and then monitor. Like u I was tempted to sell but feared a quick rebound. Not in at the price like most on this form. Averaged up and in at $3.81. So literally today wiped out my buffer. HPQ took a big hit for me too...$0.385 on that one. But, not worried. I have done my DD and convinced a friend and brother to get in on the dip today. They got at sub 4.30 so long term will be fine. However, the sooner Peter signs that first deal the better...good luck shorting a stock of a $7M company who does a $1.5B deal the year later. That one guy keeps mentioning the gap last week. Not knowledgable enuf to know why that is supposed to "fill"...hopefully a rebound tomorrow. All my eggs r in PYR and HPQ.