Hey Rocco: It's been a while but i was happy to see a bit of a kick today. As I understand it the corporate tax losses had to be registered by Dec 2nd (which was yesterday) and that in order to maintain the capital loss for this calandar year the corporation cannot buy back these same stocks for the next 30 days which brings us to a new tax year. So, from what I understand (and that's not everything) we should see the stock come back a bit and then bump again in January. I was going to buy more in January to take advantage of our options on the TFSA's. More bang for the buck. Let's hope this understanding is somewhat correct and we see it start to move in the new year.
Does anyone know who were the largest dumpers prior to the december 02 cutoff?
Either way, the regulatory uncertainty along with the "not so good" NR in October has put a damper on this for a while. I won't be getting too excited until it gets back up to the $5 SP next September...and all said jmho.
Regards, Foghorn