Post by
Resilience19 on May 13, 2021 3:15pm
XBC retail investor strategy
One strategy that may work for XBC retail investors holding XBC in non-registered accounts, if they expect the so not to rise - or only rise modestly - would be to sell at current sp, thereby locking in a capital gains loss (if purchased a a higher sp than now) and to buy back in 30+ days. As such, any future capital gains could then be deducted against the loss. The risk is that XBC's sp could rise and that those having sold will have to buy back at a higher price but its a risk/reward approach that needs to be assessed on a case-by-case basis. Thoughts welcome.
Comment by
VicesVertus2222 on May 13, 2021 3:46pm
Good suggestion as I don't expect much movement in price share until next Q. Even if some acquisitions or contracts were to be announced in the coming months, I believe what will move the price will be improvement in controling costs of contracts completion. GLTA