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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: kodiak_bull who wrote (41981)4/15/2005 12:01:28 PM
From: Tommaso  Read Replies (1) | Respond to of 206338
 
>>>For those who bought a stock like BRY in December and did not pay attention to the warning signs and did not use protective stops, they've now given back 100% of their profits, perhaps more. (Of course to do this in the name of "sound tax planning" is asinine, and I mean that in the politest way possible.) <<<

You're talking about me and nobody else.

GFY you dumb . . .

Here's the whole story. In June 2004 I got a call from the branch manager of T. D. Waterhouse where I had established an account six months earlier, partly because the office is only a five-minute walk from my own office. To open the account I put in $1,000. He pointed out that if I did not do a trade soon trade soon, I would be charged a fee to keep the account open. So I thought, "What the hell, I will do a couple of dinky little trades and it will cost the same as just waiting until I want to transfer in some important positions."

So I bought about equal amounts of HOFF and BRY, just to see how various people's recommendations would work out. Well, HOFF went to almost nothing and then came back so I barely got my money back out of that. BRY more than doubled and I decided to hold it until the capital gains holding period was up. What's it to you if I make a few hundred dollars more or less on this little venture.

So what's all that to you, you malevolent bastard? You have some kind of sick fixation on me.

Go on, think of something else nasty to say. You are good at it. You follow me around SI to see to whom and about what I am posting and make scornful comments on it.

As for my serious investing, I am doing extremely well with my positions in the Canadian energy trusts and I won't elaborate except to say that I have just paid over $50,000 in income taxes for the past year, much of it at the 15% long term rate, which is quite a lot for me, though I imagine you will find some way to belittle that as well.



To: kodiak_bull who wrote (41981)4/15/2005 12:29:58 PM
From: XoFruitCake  Read Replies (1) | Respond to of 206338
 
KB, I agreed with you that the debate is very helpful. I don't fully understand TA and I think some of the FA bearish argument are out of context. However, I found the debate very useful and make me review my data and my rational to be long VLO at this point. It is unfortunate that some of this debate get personal and so emotional (may be the investment stake is getting so high that being wrong will hurt some of us badly?). The bear and bull can agree to disagree (after all this is how a market is formed) and invest the way we individually see fit. But I do appreciate the exchange of why we are either bullish or bearish on this sector.