Alex: Most people I've talked to are puzzled by the responses to recent positive news. The price/volume range in Sweden as well as in USA/Canada is unusually narrow. But it is not specific IPC weakness in Sweden, small "high risk" companies have all been very weak this summer, oil and mining in particular. The Lundin companies Sands Petroleum and NAN (North Atlantic Resources) are two examples. IPC is still considered very high risk in Sweden, but, as we know, that isn't true any longer... Or is it?
I spent most of my money on IPC shares early last year, the stock price was just irresistibly low then, and I'm more than satisfied so far. I bought more IPC this summer, and I intend to keep all shares until the end of the century or so. I can't think of a safer investment (what, who said putting all ones eggs in one basket is too risky?). Since I can only see upside and no downside a couple of years from now, this probably means I'm half blind, or at least I have a blind spot. So tell me, what do you think is most likely, or least unlikely, to go wrong in a 2-3 years perspective? How safe is Malaysia phase 2, do you see any real risks attached to it, or can I safely start planning my future life as a wealthy man? |
