TSX:TXP - Post Discussion
Post by
stanley on Nov 22, 2024 6:35am
What is Tax Loss Selling ("Season") in Canada
Lurk & Learns:
In perusing the other boards that I follow wrt Touchstone, I am reminded that for some we must be mindful of another in the list of contributory factors that could be working against Touchstone PPS.
Recall that over the exploration phase, Touchstone had a significant upswing as discoveries were being announced. However as we all might have come to realise, (see Life Cycle of a Resource Company), this enthusism, in time, wanes as the realities of production decision(s) c\w financing & other island specific challenges are addressed.
Meaning we are at an inflection point in the curve as TXP transitions from exploration to development then production (recall nameplate of 140m).
This brings us to why some would be selling at a time when PPS is still underappreciated by the market. In todays possible explanation, we have the Canadian tax strategy of tax loss selling.
What is Canadian Tax Loss Selling?
Se also the discussion on the Video.
BWDIK? There is a "window" when a serious investor/speculator should know what is the best time to re-establish a position for those with TXP in their non-registered account.
Thanks again for the "likes"
GLTAL GLAP Caveat Emptor
Cheers
Stanley
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