Pine Cliff Energy Ltd T.PNE

Hey bandit69! Regarding your comment...

[zack50]

"Nothing wrong with being optimistic but as Kenny Rogers told us you also never count your money when you're sitting at the table. There'll be time enough for counting when the dealing's done. It means, don't count your money until it's actually in your hands."

I'm pretty sure everyone here understands the meaning of the lyrics! In my case, it's actually in my hands... I have a "rule of thumb" when it comes to penny stocks! If/when the stock doubles in price, then I sell 1/2 of my holdings to get my money back... then everything remaining is pure profit.

Works very well for me!

[bandit69]

that's awesome! but are you sure you do not have to pay capital gains tax on that even though you're "just getting your principal" back?

[zack50]

Bandit69, I am more than sure... I am absolutely POSITIVE... I hold everything in my TFSA... NO tax, NO capital gains, NO nothing! If you haven't already done so... check it out.

[bandit69]

ah, yes.  You didn't stipulate. I do have a TFSA but it's maxed so I have cash accounts too which are subject to capital gains if they present themselves.  

[zack50]

"ah, yes.  You didn't stipulate. (Why would I stipulate that in my initial response to you... I mentioned it secondarily because you asked... "but are you sure you do not have to pay capital gains on that..."). I do have a TFSA but it's maxed (being maxed doesn't preclude you from trading and following the "rule of thumb" that I follow... but to

[bandit69]

Yeah, you're right...I wish I'd have known about TFSA's and how to use them before today!! Thank you!! I don't know how I've survived this long. You are obviously a guy that needs to be right, argue about nothing and show how smart you are. And, like every trader and gambler (or "investor" as you'll want to respond with) that I've ever met or seen for 21 years

[zack50]

Bandit69, you are hilarious... Thanks for the laugh!