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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Perfect for daytrading
View:
Post by lovehockey on Jan 19, 2024 1:41pm

Perfect for daytrading

Sold 100 k shares for $4.55 and bought back 105 k average around $4.33 - gain of 5 shares. And that is how this is done. Once ATH is $10 down the road this little extra can buy a nice vacation. 

ATH right now is a perfect daytrading stock. It will be going up but at times come down for a short time. Thanks to buybacks
Comment by lovehockey on Jan 19, 2024 1:41pm
oops, wrong forum
Comment by Quintessential1 on Jan 19, 2024 3:32pm
$50 - tax .  Where are you going on your vacay, the mall? GLTA
Comment by lovehockey on Jan 19, 2024 4:04pm
Yep, about 30 bucks. Enough for a trip to Subway for 2. Just kidding - no taxes as it is on TFSA, so Subway for three people. 
Comment by MagicPinstripes on Jan 20, 2024 11:15pm
Be careful about day trading in your TFSA. If you undertake too many buying/selling transactions of the same stock within a certain time frame then the CRA might consider you to be 'running a business'. Bye bye tax-free savings. Unfortunately the CRA does not quantify how many trades it would take for an audit to be triggered; but a simple internet search will lead you to many instances ...more  
Gear Energy Ltd
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