Thursday, March 06, 2008

What About That?

JOYG - up on a really down day. Looks like this one will be big.
BKE also doing well, but, buying breakout during a correction is risky. As I've been saving to pay uncle sam in April, I haven't been buying much recently. But, I'm getting tempted. The worst thing that could happen is we become a Japan - where after 20 years, stocks are still 25% down. Those things don't happen in Texas though.

SU is looking good. Not sure whether IBD have changed their tune or not. Am seriously thinking of recycling my WB holding into BAC and getting the tax break. Any thoughts on the "substantially similar" rule? I don't think IRS can have a complaint. Nofsinger was the one who gave me this idea in "The Psycho of Investing".

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