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 (402)	5/18/2010 7:50:29 AM
From: Italian Investor	of 1366

Good time to have cash when there is fear back in the market you never know what is going to be on sale he is smart taking some off the table. I put some money to work the last few weeks but I am still roughly 35% cash. I am trying to use my cash slowly anticipating S&P 950-1000 is the bottom may be too high on that guess, but it is tough when you see companies in the low single digit P/E range. I added again to my BP holding in the mid 45s yesterday that name is cheap. It is off 55B from its high and is near its S&P 666 lows, seems like low risk ad there are many names like that around. Most Natural gas companies have been left for dead. Oil is down over 20% in like 2 weeks and is starting to look attractive. The financials are printing money right now and that is why Berkowitz is over 50% in that sector they are cheap. Then you have the stagwarts like WMT, Berkshire, PFE, JNJ, etc... Trading @ very respectable valuation ratios. Hard seeing these stagwarts not averaging 6-8% for the foreseeable future if they get cheaper you will only make more money in the LT.

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