Pyrogenesis Canada Inc T.PYR

How to make money with PYR?

[Good4You]

Very easy: simply wait for the next leg up (should be soon) and when it's at $12 sell let's say about 1/5 of your shares10,000 shares for $120,000 and simply buy them back at $8. Wait for the next $12 leg up (about a month). You just made a $40,000 profit in about a month. Easy to do: also with HPQ, You won't hear of me for a while, too busy making money, and maybe many other longs might now start doing and enjoy this same Yoyo game, unless they are already playing it :0) Good4You

[StairwayTo]

Exactly!

[Casavantsghost]

Tell him it isn't $40,000.. What is your Capital Gains tax in Canada? Tell him to squirrel some away for that beast.

[Thinkbigsti69]

Are Your Investment Gains and Losses Capital or Income? For most taxpayers, their gains and losses from the sale of securities are treated as capital gains and losses.  This means 50% of the gains are taxed instead of 100%.  A capital loss can only be used to reduce or eliminate capital gains.   For some taxpayers, such as day traders, the gains and losses are determined to be

[Good4You]

Capital gains are not taxable on profits of your Quebec free tax account called CELI and, if like me, you paid average $1.35 a share for 10,000 PYR: total cost of $13,500, every dollars you make on top of this initial amount is not taxable (now $80,000), even if it goes to $100/share ($1,350,000) And what you take out one year of the account, you may add it back the following year. My other PYR

[developbc]

Very easy to time the mkt in hindsight.   So many arm chair investors coming out of the woodwork proclaiming investment strategies to time the top and bottom.  With PYR ...I invest and hold.  Trying to time in/out is pure gamble and that is a bet I wouldn't want to make w all the explosive upside that can happen any day.  LONG AND STRONG PYR!

[Good4You]

Dear Developbc I appreciate your posts, informative content and comments. I am Long and never sold even one of my PYR shares . But now, seeing the poor and stagnant performance with no real expected signed contract and no news from the CEO, I have decided to gamble 1/5 of my PYR shares on the next leg up, which could occur only in 6 months..., remembering also my past frustration on that 12 month

[developbc]

Thanks good4you.    BTW: It was June of 2019 when PYR annouced the awarding of the $20M Drosite contract and it was the fall , Oct when final signatures were as it takes time to finalize the final contract.  Due to various logistics and international turmoil w Canada and Saudi...Drosite International was set up and PYR got their $1.44M in March 2020.  Was delivered as promised.

[Casavantsghost]

This.... "Trying to time in/out is pure gamble and that is a bet I wouldn't want to make w all the explosive upside that can happen any day."  God bless folks like Good4You to do what you did. My stones are not that large..  My luck would be the huge torch sale announced and I'm standing there mouth open, bag lady bags in hand with stupid look on face..  Tell him

[leademhigh]

Aint that the truth DevelopBC.  All of it. And G4U, aka Blockbuster's last CEO, aka Nortel's last VP Marketing, is a giant, whiner!  Probable shorter.  I havent sold a share of PYR or HPQ for going on 6 years.  I have a friend who tried playing that game with HPQ, and got burned HUGE last spring, when HPQ broke out, and he couldnt get back in.  Well, he got back

[Thinkbigsti69]

But, you could get a surprise visit from the taxman if you speculate too often by making several trades with your CELI ( TFSA for our anglo friends)  In other words your system of one leg up one leg down does not work unless you are willing to pay the full taxes on your profits.  Like decelopbc says---Very easy to time the mkt in hindsight.   So many arm chair investors coming

[Good4You]

Sure you can have a visit of the taxman any time but the idea is not using this strategy too often: only once in a while. Even if you do it once a year a $40,000 profit is acceptable: you sell 10,000 at $12 and change your mind and buy back at $8 Why not? Good4You

[Thinkbigsti69]

Good luck with that Good4You but be careful that you don't miss the boat even if it's a quarter of your shares.