Sorry to hear you sold 340,000 shares!!
To have lost $50,000.00 that is how many you would have had to have sold, at least. I thought that it would take about 30 million shares to settle all of the traders that have no long term interest. Buying back in this afternoon would give you a personal 680,000 shares trading in one day! That is a lot of shares for one person, even on TSX let alone PTQMF in the states. The stock may go lower until some more significant news is published.
I believe you, or someone, said the there was a technical island, or something like that, that was a huge signal that the share price would drop soon into the low thirties. When would you take another loss on the shares that you bought back today?? I am very sorry you completely lost all of your captured 'tax loss' by the wash sale rules. Perhaps you should have waited the sixty days before buying back and at least banked that extra money.
I am still confident our price will hold and that we will finish the month above $0.64. But, we all win or lose based on our knowledge of the markets and the rules. If I did not believe that the stock would increase very soon, I certainly would not have jumped back in and thrown away $50,000.00 of tax loss, that was a definite bird in the hand! In any case, it is nice to see that you support my view that the price will go back up very soon.
AI
