Veren Inc T.VRN

Tax loss selling bump in the new year

[Moemoney42]

Greg Newman was just on BNN saying he expects some of the beaten down tax loss sellers that have gone to far could in fact see a tax loss buy back in early Jan. 2025.. 
I have to agree with that thought.. heck could happen before if some of the early sellers get in before the new year.. that could create a short squeeze at the same time..!  IMO

[Moemoney42]

By the way Veren was mentioned as one of the stocks he's anticipates this to happen to in the new year..!  ;-)

[cdnkeswick]

Is there a time frame when tax loss selling that you have to wait a certain amount of time before you can buy back the stock.

[Marty47]

These rules look 30 days in the past and 30 days in the future. If an identical property is acquired during this 61-day period, which includes the sale date, and you continue to hold the repurchased investment on the 30thday following the sale, the capital loss will be denied.

[jleer42]

You can't buy the same security within 30 days or it will be considered a superficial loss and the tax loss will be denied. There is often an bump the first of January for stocks which have sold off for tax loss reasons. If buying back in January is your plan you may miss the bump. There may be similar stocks which are both down for tax selling and you can sell one and buy the other in

[Moemoney43]

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[Moemoney42]

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[Moemoney43]

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[Banshee]

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[Moemoney43]

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[Anschutz]

I saw that segment and although agree we could see a beat down of some stocks, I think timing is critical. Other than the argument share prices have cratered on some stocks, considering sentiment and looming unpredictability with Trump and Jan 20th inauguration, I see no rush to buy back in early January. Market movers are pushing these stocks down. With momentum on their side, I see tax loss

[Moemoney42]

Agreed the Trump effect will have an additional skew to the already hard to predict outcome for a while.. I keep hanging on the fact that demand isn't being erroded and demand for energy is at an all time high and growing leads me to think this slump in the  CDN O&G sector is temporary.. but the trend in this last quarter makes it hard to swallow some days..!