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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Tax loss selling on all NFLD plays
View:
Post by goldanalyst on Sep 13, 2021 12:54pm

Tax loss selling on all NFLD plays

NFLD
LAB
NFG
SIC

etc all down with volume....lots of people have lost their shirts on these plays!

Might as well sell and buy back in 30 days as per capital loss regulations.

Eventualy once tax loss season is over we will catch a bid again

Until then buyer beware~
Comment by Royal10 on Sep 13, 2021 1:21pm
Too soon to talk about tax loss selling (in september). It would be more appropriate to talk about MARGIN CALL SELLING, because we are on Monday morning and brokers are calling their clients  to obtain more cash. Market makers are aware of these facts and they drop their bids to buy at lower prices. This explains why the price is going down. You don't see that kind of action when the ...more  
Comment by goldanalyst on Sep 13, 2021 1:54pm
Never too soon....we've been selling losers since the beginning of June to capture as much from them as possible......why wait? Need 30 days to buy back in....which we will do when the time right~
Comment by braindeadoldguy on Sep 13, 2021 3:14pm
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