Weekly Summary - QIS Blog – December 15, 2017 - December 15th 2017
Weekly Summary - QIS Blog – December 15, 2017
With the end of 2017 fast approaching, many investors use the month of December to evaluate and consider tax-loss positions which can be liquidated to create a loss that can then be used to offset the year's capital gains. For 2017, the final day to trade a stock and maintain a settlement date in 2017 is December 27 (Canadian and U.S. markets). It is important to note that the settlement period is now only 2 trading days as opposed to 3 days in years past.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
Our most recent QIS Capital email update was sent out to subscribers on Wednesday, December 6, 2017. QIS Update #15 included the latest corporate updates from Fairmont Resources (FMR:TSX-V) and Newlox Gold Ventures (LUX:CSE), plus share consolidation news from Opawica Explorations (OPW:TSX-V).
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 15-25 email updates per year.
This past week, the S&P TSX Venture Composite Index posted another gain, adding 8.27 points or 1% to close on Friday at 801.23, its first close above 800 points in over a month. Canada’s most followed index, the S&P TSX Composite, posted gains four out of five days this week, but lost ground overall to record a weekly loss. The TSX Composite shed a combined 54.09 points and closed on Friday at 16,041.98. In the United States, the Dow Jones Industrial Average once again posted a weekly gain and recorded a new all-time high. On Dec. 15 the Dow Jones reached 24,688.62 points. For the week, the Dow Jones added 322.58 points and finished at 24,651.74 on Friday.
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