RE:Grinding its way to $12 ,- to hit target in tax loss seasonTOTALLY agree. The tax loss selling is going to be BRUTAL. That will start in about 4 weeks and ramp up severely, putting tremendous pressure on the stock. Then add in a lousy quarter. Canopy wanted to be both biggest and best. Well they certainly got "biggest" right, but they forgot about best. A lot of their offerings are sub-standard and NOT selling well, hence them being dropped.
To be blunt, this will be a trainwreck through December. Enjoy the ride clowns. You thought this was a rough ride over the past 6 months? The past 6 months was just the warm-up. The real horror show is within weeks of starting.
Personally, if I was stuck with massive losses like the Clowns are, I would get ahead of the tax loss selling, sell now, and then wait out the month in order to be able to buy back (tax rules). You'll save yourself a lot of money (or what's left of it, and buy back lower if you want at a point that could be the brunt of the tax loss selling.
That would be the smart thing to do. But if you're married to the stock like the Clowns are...carry on. ;)
juniorbullalive wrote:
On its way to $12 and tax loss selling hasnt even started . Should have bought B...