Hi Guys,

I continue to read every day and definitely value all of your opinions.

You seem to be the most knowledgeable people around so I am going to share with you my mistake I did yesterday and would like your opinions since this issue seems to be more complex than it appears.

Yesterday, I tried to sell 5700 shares (needed it for a project). I accidentally put in the order to buy instead. When I came back I saw I bought 5700 shares at 4.52. Since I needed cash, I most definitely wasn't going to spend $26000 so I sold back my 5700 shares at a loss at 4.51 when I realized my mistake....My thinking is that both transactions should essentially wipe each other out and I shouldn't have to pay any capital gains since I actually lost trying to fix my error. But speaking to a few people, I may be incorrect.

Because my cost average of all of my San shares is roughly $2.......and I sold at $4.51...

I will probably now have to pay the capital gains on about $14000 Which is about $3500

Today I went back to sell the 5700 shares I wanted to sell at 4.67 a share...I know I will have to pay capital gains on that.

My capital gains tax is going to be huge this year if I am paying for this twice...

Am I just paying the extra tax sooner rather than later or did I lose $3500 on my dumb mistake? My thinking is that with that purchase yesterday, my book value will now go much higher, so I will pay less capital gains tax later...

Does any of this make sense? Direct investing couldn't really help me, and Revenue Canada said " First in, First Out" So I am paying capital gains twice...

Can someone clear this up for me as I know many of you are tax savvy.

Thanks In advance!

PS..I don't need any lectures about checking my orders twice which of course I will do from now on...