Year end buys

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Dec 7, 2006 3:59 pm

I like to buy stocks beaten down for tax loss selling any ideas?


I am buying  bte, hte(canadian energy stocks).

Dec 7, 2006 4:46 pm

I know this isnt exactly what youre asking, but for some accounts, I am going to dollar cost average into some positions this month and next. I believe that there will be a short-term selloff as gains are taken early in Jan. Also, I think that people will be selling in Jan so they have 14 months or so until taxes need to be paid, versus selling in the next couple weeks and paying on April 15th. Just a thought.


Dec 7, 2006 5:01 pm

Last year I scored in December by buying beat up closed ends - still have them.  Anyone see some good beat up closed ends out there?

Dec 7, 2006 5:04 pm
aldo63:

I like to buy stocks beaten down for tax loss selling any ideas?

I am buying  bte, hte(canadian energy stocks).


I own some of those, but did you see the change in taxation the Canadian government (supposedly conservative) just came out with?!!

Dec 7, 2006 6:33 pm

The change in taxation that you are referring to IF it's enacted as proposed (which is not a done deal) doesn't take effect for 4 years.

Dec 7, 2006 10:56 pm

How about Beacher Tool & Dye?

Dec 8, 2006 12:30 am

How about Fording Canadian Coal?

Dec 8, 2006 5:29 am

Before you load up those Canadian gas-oil trusts, do an archive search on each firm via:


http://globeandmail.com (excellent coverage on the taxation topic and Canadian firms in general)


US broker dealers do a crappy job of providing research on these firms and most of you don't have access to Canadian firms' research on them. PGH is another trust that bottom feeders are looking at right now for your information.


Dec 8, 2006 8:52 am
Lex123:

The change in taxation that you are referring to IF it's enacted as proposed (which is not a done deal) doesn't take effect for 4 years.


And the damage has already been done to the stock price. Hard to see a downside in them for at least until the changes, if inacted, go into effect.

Dec 8, 2006 9:25 am

Technically (chart stuff) they look to have bottomed out with short term "worst behind them."



Jan 3, 2007 6:43 pm

Canadian Trusts are getting cheaper by the day.  The worst may not be quite behind them just yet. 

Jan 3, 2007 7:07 pm
Lex123:

Canadian Trusts are getting cheaper by the day.  The worst may not be quite behind them just yet. 



You figure this is the effect of future tax law changes or simply the dropping price of oil?

Jan 4, 2007 5:25 pm

It's oil. The tax proposal is still up in the air.

Jan 4, 2007 7:24 pm
Lex123:

It's oil. The tax proposal is still up in the air.


It is oil, my guess is the tax proposal effect is priced in.

Jan 4, 2007 10:29 pm

ISRG...NYX...ACH...