tax loss selling

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ismore

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tax loss selling

posted on Dec 19, 2011 11:33AM

I suspect that the price has been dwindling not from shorters but people who have bought at $2.75 and have been selling to achieve a loss for tax purposes and to buy back in January. I come to that conclusion because the volume has really diminished.

Well, if I'm right, this is the week that the tax loss selling is over with and the slow but steady rise should start. BUT not before I top up my TFSA for 2012.