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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (6982)	8/24/2001 2:28:56 PM
From: MetalTrader	Read Replies (1) \| Respond to of 23153

Homebuilding are one of those cases where we are debating whether the beat goes on or we have seen the top. If one listens to the economic indicators, job losses etc the anecdotal evidence seems to be it HAS to go down. With that in mind I've been watching closely for a break in trend. So far it has not occurred. If you are thinking interest rate cuts, affordability, current P/E and demographics then the intact trend confirms it's a good place to invest long. No one has suggested we're at the bottom, so I am disinclined to be a buyer at this stage. Even the optimists are calling for a correction of 20% or so before resuming the uptrend. If making a long bet of more than scalping proportions, it has to accompany the HOPE that we're still intact. I hate to hope I don't get caught in an investment. Sounds a bit too much like a coin toss. I am more in the short camp but waiting for confirmation. major reversal patterns can take a while to reveal themselves fully. In the case of Toll Brothers I am watching the development of a head and shoulders pattern. If it acts classically I would be looking for a move up to the neckline of about 37.5 where it would meet resistance. If the Oscillator indicators at that point are showing overbought and it can't get through that resistance then it would look like an objective short. If it follows my urging (s)...I'll draw in a new downward trendline and start working on that. any chartists see it differently? mt

To: energyplay who wrote (6982)	8/26/2001 8:25:40 PM
From: Libbyt	Read Replies (2) \| Respond to of 23153

Capital gains taxes on home sales... Don't forget the 500k one time exemption on the sale of your home Just FYI, the above statement no longer applies to home sales. The new exclusion is not limited to one-time usage. "The '97 Tax Act creates a new exclusion rule for sales and exchanges. Now, single taxpayers, regardless of age, can exclude up to $250,000 of gain from the sale of a principal residence ($500,000 for married taxpayers filing jointly). Unlike the old exclusion, the new exclusion is not limited to one-time usage. If certain requirements are met, the new exclusion can be used when a taxpayer sells or exchanges his or her principal residence. Taxpayers can utilize the new exclusion in full once every two years, and the property must have been the taxpayer's principal place of residence for at least 2 out of the 5 preceding years. However, a taxpayer who does not meet these requirements may still be able to use a portion of the exclusion if the sale or exchange is a direct result of: 1) a relocation due to employment, 2) health, or 3) other unforeseen events yet to be defined by the Internal Revenue Service (IRS)." pncbank.com