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Gold/Mining/Energy : Tax Loss Selling Season - Best Buys? -- Ignore unavailable to you. Want to Upgrade?

To: dan wynne who wrote (2)	11/7/1997 5:15:00 PM
From: MUDMAN	Read Replies (1) \| Respond to of 128

Dan: I'm a fellow Yank. I'm not sure what the Canadian laws are but Ibelieve the 30 day wash sale rule also applies up north (Paul Sarnoff seemed to indiacte this in his GSA newsletter last year when he advised tax-loss selling). If that is the case the last day to sell via the wash rule is Dec 1st; for a non-wash loss I believe up to yr end. In any event here is some unsolicited jr's I'll be adding to my current positions in the next 30 days: Northern Crown Mines (V), Britannia Gold (V), and Queenstake Resources (T). I bought more Jaba (Alberta) today at the stupid cheap px of CN$0.38 (see JABA thread). Anyone else out there got any? MUDMAN

To: dan wynne who wrote (2)	11/8/1997 7:37:00 AM
From: Bob Fairchild	Respond to of 128

You can take the loss at anytime in Canada. December tends to be a good month for dumping losers. It has a lot to do with cleaning the dogs out of one's portfolio and starting fresh for the new year, needing cash for Christmas, and because some people are hoping for a miracle before the end of the year on their losers that they tend to hold onto them until the very end. When the turnaround in share price does not occur, the selling begins. Unfortunately other people have the same idea and the stock drops further. On the other hand, it is a good time to bottom fish for shares that have been oversold. Because of the Bre-X thing, this year may be different as I believe the tax loss selling has been in effect since the spring and will not be so pronounced this year with respect to mining companies. A Canadian point of view.