Belmont Resources Inc V.BEA

Understanding December Tax time

[mrsgoldminer]

I am no expert on this subject,,but this I know as in  knowing when bargains can be had,

Bookkeeping takes place for most at the end of ever month and every three Quartersx4.Lots of company's are very busy
 at months end as they prepare their FINANCIAL STATEMENTS plus MD&A
Tax time can happen in a few ways.
They will sell it all and hope they can buy it back in 30days for the same price or cheaper or never return.
Some will sell it and buy it right back.What happens here is say they bought it@.10 and sell it@current price .05 due to price drop.
The books will now show a lost of 50%and they now own it@.05,If the stock goes back up to .10 they show a 50%gain or higher if stock does well on the books.It can also go lower at that time they will do the same thing or write it off.
I always watch for stocks drops at the above mentioned times as good buys can be had.Spring and fall is mining season,but a stock can cycle anytime.
Do your own D&D on this subject as rules are always changing.
Santa Claus rally if any is in January right after tax time.
Your tricky tax-loss selling questions answered - The Globe and Mail
Tax-loss selling: If youre dumping your dogs, read this first - The Globe and Mail