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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (8849)	11/7/1998 11:12:00 AM
From: Tommy D	Respond to of 11676

Don't count on there being no tax selling. Remember that there were big moves early in the year, even in the VSE stocks(i.e. look at Donner). The good thing is that the approach to tax loss selling has shifted somewhat as it appears to be occurring earlier. Under Revenue Canada rules, the capital loss is denied if the stock is repurchased within 30 days of sale. The common view is that there is a rally in December or January after the tax selling. If you like the particular stock and you sell in late November or December, you can't get back in or you lose the tax benefit. Therefore, it might be better to sell in October so that you can repurchase in November or December. Don't know if this logic will work this year but that is the theory and exactly what I did in late Sept./early October. I also think that tax loss selling of stocks sold on other exchanges could free up funds for resource stocks if the mood of the market is right. The investor has looked after the tax situation and is now looking for the new capital gain and may buy a more speculative stock for appreciation into 1999. However, the key still is getting the interest of these new investors. The secretive and spy vs. spy approach of the SVB companies makes it very difficult to attract interest. NR's are needed (assuming there is anything real to report. I sure hope so. Regards TommyD

To: The Osprey who wrote (8849)	11/7/1998 1:51:00 PM
From: Terence Mitchell	Read Replies (2) \| Respond to of 11676

Hi Osprey, I have substantial capital gains from the Sr markets (NYSE etc) so VSE losses are a perfect tax write-off if I sell. (I didn't plan it that way, I had hoped for gains on both sides) You have to look beyond the rather puny VSE market for tax write off reasons. I for one have considered using my VSE losses, it's almost like some kind of final ritual to the VSE (they can kiss my ***) they served only one useful purpose (tax losses upon losses) regards, Terence Mitchell