Aero,
I suppose we can beat a dead horse on a low volume (trading and BBR posting) day like today. I chose the 30 trading day chart because I bought my RRI positions mostly in the 3rd week of November, and avoided EP then (but also avoided it earlier, after trading it up for a profit and then out, and since).
It's true that for 10 trading days EP has actually "outperformed" RRI, but that's only because RRI had a nice little spike up to $2.80~2.92 at the beginning of the period.
stockcharts.com
For 20 days RRI has handily done better (+10% versus -18%)
siliconinvestor.com
But the really striking performance comes from the 50 day comparison, where RRI is up 103% and EP is up 10%:
siliconinvestor.com
Unfortunately, as I noted, I didn't know about RRI 50 trading days ago. <g>
But more important, of course, is where are these stocks heading now, should you own one, both, neither, should you short one, both, neither?
stockcharts.com
There's a lot of comforting fundamental information out there, summarized nicely by JimP (and Kyros on the RRI Yahoo thread, and over at IPP on SI) to go along with a stock sporting a p/e of 1.75 and apparently facing a financing hurdle in a few weeks, to go along with the above chart which shows higher highs, higher lows on the daily and a nice rising high volume pattern on the weekly. The PnF chart shows a lot of empty headroom above this price.
If it corrects a little, goes sideways in tax season, I might be tempted to add another slice or two, although I'm relatively full on this one, and position management is the only thing that's making me even slightly happy about owning PGO.
As for EP, careful examination of the price action, the falling volume and the indicators says to me this one is more likely to either stay flat or gap down than begin to rise:
stockcharts.com
As for your tax question, I believe you own and dispose of a security on the trade date, not the settlement date, which means you have more days to trade. The reason is relatively simple, and twofold: first, you buy shares on December 30 and they skyrocket, so you sell them on Dec. 31. That has to be a 2002 transaction and a 2002 gain, doesn't it? Second, you sell different shares on December 26 but because of a back office error/snow storm/UPS strike the physical certificates (--let's say they are Malaysian shares which are only issued in certificate form) are not delivered out until January 6. Again, you lost ownership of the shares the day you sold them, the number of days it takes to deliver the shares is irrelevant to the nature of the transaction. So, trade date is acquisition and disposition day.
Kb |
