RE:Irony of SPOT trading Lurk & learns:
Spetackulating that yesterday's pull back could be related to the 30 day CRA regs wrt tax loss selling. And could SUGGEST a, "buy on pull back" decision/option.
In that speculation, those SPOT long timers; could be doing some back calculations. Meaning they count back from the days between Xmas and New years when (some) stock go on sale as some look to chrystallize their losses. For some this (sometimes) a buying opportunity. WHich is why I CAUTION that it is imperitive that you only buy or sell based on your OWN situation.
Now that I've manged to totally confuse you. Tax loss selling is of value to those:
1. Selling (have a profit) and based on their own Capital Gains situation/strategy decides to sell.
2. Buying, either those with a positive outlook on SPOT or looking to buyback after the CRA restricted buyback time period.
I'll leave it to your own to decide which camp/personal situation that you fall into.
CAVEAT EMPTOR.....IMHO SPOT business plan is to target the companies the mining companies that have come to the realisation that an in-house (typically confidential analysis of own and take over targets) drill data can be CONFIDENTIALLY farmed out to company with a PROVEN ability to analyse drill data. Now can this approach be applied/leveraged to the oil and gas sector? As SPOT's advantage is the cost effective analysis of drill and other data in industries that are also looking efficiency.
BWDIK?
GLTAL - GLAP
Cheers
Stanley