Post by
tamaracktop on Dec 22, 2021 4:50pm
Consider this, if you will
December 29th is the last day for tax-loss selling in Canada.
I've always maintained that there is little tax-loss selling in November, and that it comes in late December.
This is a fact.
Add to this the fact that if shorts who are in a profitable position to cover their positions delay doing so for a few more days, they defer their capital gains tax liability until April 2023,.. then what do you get?
You get the end of tax-loss selling, coincident with short-covering, coincident with the Santa Claus rally.
Have a serene evening.
Comment by
tamaracktop on Dec 24, 2021 11:29am
The market closes at 1pm today, and is closed both Monday and Tuesday. Everything is condensed. This is the last 7 1/2 hours of trading to do a trade that settles in 2021. Consider the comments above, and what this essentially means. This is a preview of the days to come, and the day isn't over. $2.49 now on 323,000 shares during an abbreviated day and with the US markets closed?