Goldtent TA Paradise

Canamex 0.0005

1. Karl says:

   October 7, 2019 - 1:52 pm at 1:52 pm

   0.0005 is what I see on bigcharts.com for CNMXF

   http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=cnmxf&insttype=&time=&freq=

   which does not seem to show a US trade for more than a month before today’s action. Actually the .0005 is good. According to bigcharts.com it opened today at 0.0002. 5,464 total shares so far.

   Perhaps the CEO can or will comment. We can only guess. My guess would be someone decided to embark on tax loss selling early and that the someone and decided to be lazy and put in a market order.

   • Karl says:

     October 7, 2019 - 3:58 pm at 3:58 pm

     0.0002 to 0.0005 (confirmed just now on Fidelity) makes it a 2.5-bagger for the day.

     I could become a newsletter writer extrapolating the gains for the next year, the next decade.

2. Karl says:

   October 7, 2019 - 2:02 pm at 2:02 pm

   I by the way started to do tax loss selling early (but have not sold Canamex) and have been aggressive.

   I don’t know where to put this comment, but I have aggressively been selling PFICs. I have polluted goldtadise.com quite a bit about the topic recently. Earlier this year my accountant got worried about the topic and got me going. Last week my accountant told me to “sell all” PFICs but backed off a bit to say just cut back to a very few (or none). The topic is one of ongoing discussion and massive hassle.

   I clearly know more than he about some aspects of the topic, and he has found things about ownership of foreign stocks by US persons I didn’t know about–one or two areas that I did not mention at all here. I will state that it is good that Fully did not post some of what I wrote on the side to the right since not all of what I wrote was correct, or probably it wasn’t. However I will state that it is possible that in some respects though I might have overstated some problems in other respects I might have understated some problems. It is messy and unclear.

   In any case, I am locked into the Canamex because I have a hard time getting out of foreign DRS and certificates, but otherwise I am aggressively selling most foreign holdings, especially those with losses and w/o great charts that are PFICs. But I might not know what I’m doing. I think I’ve gone through life not knowing what I’m doing.

   • Marcusjames says:

     October 7, 2019 - 3:20 pm at 3:20 pm

     I’m glad I’m not alone, not knowing what I’m doing as I wander through life.

     • Fullgoldcrown says:

       October 7, 2019 - 7:12 pm at 7:12 pm

       LOLOLOL

       🙂

   • Karl says:

     October 7, 2019 - 4:08 pm at 4:08 pm

     I have been oversimplifying above, out of necessity. My head is spinning, and the accountant’s head is probably spinning as well. If he is right some things are not as bad as I had suggested. However some things possibly not at all better by any means–he uncovered stuff I did not know about. I was perhaps glib in saying that he said to sell all PFICs (though he actually literally did write that to me). He indicated that I might perhaps buy a few back and later indicated I might even keep a few. Those of you who have looked into the matter will know what selling and buying back might be about. In any case, the gist of what I have written about may be approximately correct, namely that it is a matter worth looking into. As I have repeatedly stated, do not go by what I have written. I do not know, and many accountants and tax lawyers seem to be having a hard time with the topic. I personally am struggling to comply but I and the accountant are … struggling.

     • Fullgoldcrown says:

       October 7, 2019 - 7:19 pm at 7:19 pm

       Ah screw the IRA

       If they make rules that are mindlessly arbitrary and so complex that most professional in the tax business don’t know how they are to be treated…screw em.

       Nuckin Futz

       He says Smugly from another Country

       🙂