GREY:XEBEQ - Post by User
Comment by
tamaracktopon Dec 24, 2021 11:29am
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Post# 34260905
RE:Consider this, if you will
RE:Consider this, if you willtamaracktop wrote: December 29th is the last day for tax-loss selling in Canada.
I've always maintained that there is little tax-loss selling in November, and that it comes in late December.
This is a fact.
Add to this the fact that if shorts who are in a profitable position to cover their positions delay doing so for a few more days, they defer their capital gains tax liability until April 2023,.. then what do you get?
You get the end of tax-loss selling, coincident with short-covering, coincident with the Santa Claus rally
The market closes at 1pm today, and is closed both Monday and Tuesday. Everything is condensed.
This is the last 7 1/2 hours of trading to do a trade that settles in 2021.
Consider the comments above, and what this essentially means.
This is a preview of the days to come, and the day isn't over.
$2.49 now on 323,000 shares during an abbreviated day and with the US markets closed?