Capital Loss Momentum

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cpthollywood

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Capital Loss Momentum

posted on Nov 11, 2014 10:42AM

Good to see the turn around the past few days.

Those recording some good capital losses during this dip and hoping to get back in without incurring a superficial loss will have to wait the 30 calendar days after the settlement date of the sale. Assuming a few people did this with expectations that Q1 will be a big one, they will be looking to buy back in mid/late Dec or even into January.

I'm sure there will be a few who fit in this boat over the past dip...though for those who didn't want to miss the climb that immediately followed, they could have bought back in and still have (within that original) 30 days to sell that amount in order to claim the original captial loss.

This could make trading within the next 30 days interesting to see how many buy or sell toward Dec 5-10th. Could suggest a little blip in trading around that time if anyone was playing with their capital loss allowance.

I would still feel good that if a dip occurred during that time, we would see most of those dollars reinvested around early/mid January when their capital losses would have been locked in.

They would all be racing to get in while the numbers are (potentially) lower before many eagerly top up their TFSA in the new year with additional PTK given the projected revenue time frames.