Tax Loss Selling Opportunities
Newsletter writer Stewart Thomson addresses the question of tax loss selling season with some stocks for investors and identifies key prices for investor action.
Tax loss selling generally sees investors sell losers, but sometimes stocks with big drawdowns are a roaring buy for new investors while working well as a tax loss sell for others.
Here's a look at the "infamous" Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX):
This stock got a lot of investor interest in the $5 and higher zone and collapsed soon after that. New investors could buy the entire 10-cent to 1-cent zone in one-cent increments, while those holding large paper losses could liquidate for the tax loss play.
Copper stocks are incredibly interesting right now.
Here's a look at the junior copper stocks ETF:
Whenever RSI and Stochastics are oversold at the same time as a huge daily chart volume bar appears, a very nice rally occurs.
One low-priced copper stock that's a definite medium-term buy right now is NorthWest Copper Corp. (NWST:TSX.V; NWCCF:OTCQX). All the oscillators are flashing weekly chart buy signals and a breakout over the 30 cents resistance zone could see it surge 200% higher within a year!
For low-debt enthusiasts, Fortitude Gold (FTCO:OTCMKTS) is worth a look.
The company operates in the stable Nevada region. Their goal is to stay debt-free and do it while paying a monthly dividend. Investors could buy now, using a stop at about $5.70.
2025 should be a good year for Fortitude and its investors!
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Important Disclosures:
Stewart Thomson: I determined which companies would be included in this article based on my research and understanding of the sector.Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.
Stewart Thomson Disclosures
Stewart Thomson is no longer an investment advisor. The information provided by Stewart and Graceland Updates is for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple properly licensed, experienced and qualified investment advisors and get numerous opinions before taking any action. Your minimum risk on any investment in the world is: 100% loss of all your money. You may be taking or preparing to take leveraged positions in investments and not know it, exposing yourself to unlimited risks. This is highly concerning if you are an investor in any derivatives products. There is an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off officially. The bottom line:
Are You Prepared?