Post by
Resilience19 on Dec 20, 2021 1:45pm
Low Volume = Retail selling for end of year tax loss
My take is that this low volume is mostly driven by retail investors selling for end-of-year tax loss purposes.
When looking at this board's volume of scarcely more than 500,000 shares, at current sp were looking at more or less $80,000 (Canadian). That's simply peanuts.
I expect both volume and sp will pick in 9-10 days and that we'll then see a steep rise of both over the first two weeks of January. Wouldnt be surprised to see the sp at 0.30+ by 14 Jan.
My two cents.
Comment by
Kensin1954 on Dec 20, 2021 2:32pm
If you sell on December 21/2021 when can you buy it back in 2022? JMHO
Comment by
Shlinker_ on Dec 20, 2021 4:23pm
January 20th, 2022, if you took a loss and warned to claim the loss to CRA for 2021. Anything less than 30 days is a "superficial loss" if you take a loss and buy it back in those 30 days. Buy something else though, DM not happening, ever.
Comment by
Yeehaw1 on Dec 20, 2021 4:39pm
someone selling now can buy anytime in 2022 but of course it wont be this price though.
Comment by
Investor10X on Dec 20, 2021 6:23pm
If you are selling for a tax loss than you can't buy back stock in DM for 30 days or you will end up with a superfical tax loss and your tax loss will be nullified.
Comment by
Resilience19 on Dec 20, 2021 6:43pm
One option is to sell, get the tsx loss and buy back DM but for your spouse and or kids accounts (TFSA, RRSP, RESP). Granted, some people have very siloed finances, but for those who manage through more of a family wealth approach, this offers s few more options.
Comment by
Investor10X on Dec 20, 2021 7:02pm
The superficial tax loss rule also applies if shares are repurchased within 30 days by an "affiliated person" including your spouse of partner.
Comment by
astutein on Dec 20, 2021 7:12pm
investorx --invest in DM for family wealth( TFSA, RRSP, RESP???? investing for kids RESP for future????????????????? Thats the best for kids future DM.???????
Comment by
Resilience19 on Dec 20, 2021 9:28pm
Thanks. Wasn't aware of that..Either way, if you sell out of a non-registered account to put it in a registered account, you can manage to win. TFSA you save by not paying capitals gains, RESP your kids get a 30% government grant and RRSP you get an income tax deduction.
Comment by
Shlinker_ on Dec 20, 2021 11:32pm
Geezus, putting DM in a child's RESP? Are you stupid or somethin'?. Do not do that. And for the record I've had 339% return in 2021.
Comment by
Shlinker_ on Dec 20, 2021 11:36pm
The government grant is 20%. Where do you get your facts?