illumin Holdings Inc T.ILLM

Tax Loss Selling

[retiredcf]

A number of years ago, many used to think that the final days leading up to Xmas were the prime time for tax loss selling. Now the primary time for selling is right now. The main reason is that it allows sellers to repurchase their shares 31 days later before we head into a traditionally strong time for the markets.  GLTA

[Torontojay]

Exactly! You can sell up until Dec 29th and save on taxes.  There was heave volume right out of the gate this morning.  Once the new year hits, there should be less selling pressure and the share price should stabilize. It could take a few quarters for momentum to change and so patience is required. 

[retiredcf]

While you can sell until 29 Dec, as mentioned, for anyone who wishes to repurchase their shares prior to the start of the year, tax loss selling will be over in about a week. That said, I still think people are giving away their shares at this price. GLTA

[Torontojay]

  Well said. I was just about to say the same thing. Most people will want to sell by the end of November so they can buy it back at the start of the new year which coincides with a new tax season.  At today's prices, the company needs to grow just slightly above inflation to be worth today's prices. With CTV and continued Illumin adoption by major brands there is no reason

[retiredcf]

Actually you would want to buy back before Xmas as historically, the markets tend to do well from then until mid Feb. Taxes won't come into play unless you sell again and the trade settles on or before 31 Dec. GLTA