Energy Resource Abundance (ERAO)

[stockfly]

I think you are correct ...

Capital gains and losses are classified as long-term or short-term. If you hold the asset for more than one year before you dispose of it, your capital gain or loss is long-term. If you hold it one year or less, your capital gain or loss is short-term. To determine how long you held the investment property, begin counting on the date after the day you acquired the property. The day you disposed of the property is part of your holding period.

http://www.irs.gov/taxtopics/tc409.html