Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.890

+0.5%

3:59 PM EST

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To: refugee investor who wrote (300)	4/2/2010 12:21:10 PM
From: Italian Investor	Read Replies (1) of 1366

Refugee, I remember you mentioning your chat last year on the yahoo board. Nobody ever got hurt taking a profit and there is always a chance you can buy back cheaper, or something else comes up! Example of a recent move I did. I accumulated roughly 40K worth of IAAC stock most of them in the low 14s and they were all bought < 15 in a month or 2 lets just say I had a avg buy price of 14.50. When it shot to the mid 16s I sold half of my shares the stock is 15 now. (This decision worked out so far they always do not work out as I hope). Let’s say I sold @ 16.50 (I sold a little higher) that is about a 14% gain in 2 months 5600 dollar gain if I sold everything. I sold half so I pocketed 2800; I can now reinvest the money I took out which will net me more shares if I buy now and even more shares if it falls lower to my buy range the mid to low 14s or even lower. If it shot up way past what I sold it at well I still have half of what I put in, and there are 100s of thousands of other companies to choose from. I will hardly pass up a 10-20% return in a short period of time. Sometimes I place a bet and it pops a few % the same day I put my money in and I sell some people wait a whole year for a few percent why not take it in a day there is always the chance the company revisits your purchase price. I do not have any big positions @ the moment. Nothing I see that I can lay down a lot of capital on Natural gas is getting cheap but had a little spike yesterday that made me a little sad. IAAC is a company I really like and would not mind laying down a good amount of capital on @ the right price, but I am still waiting for the right price. JEF is another company I like a lot and has came down a bit from its highs but I am looking to get in under 20. A lot of people copy Buffet in what he buys KO, PG, JNJ, KFT,XOM etc these are great companies and dominant but they are not going to give you 30-50% a return a year. Buffet said once he could guarantee 50% returns if he had small sums to invest and I believe it, but he would never achieve that return investing how he is now. No way not possible size has changed Buffet. It is good being a little guy I can get in and out most of the time in a day while Buffet needs months in most of his holdings I believe he is still trying to exit Moodys how long has that been now months over a year I do not know but it has been a while. I am glad I do not have that problem, but if it ever happens I will learn to accept lower returns lol.

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