Imperial Metals (IPM.T) Message Board

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

IPM 1.940

+1.0%

Nov 7 3:59 PM EST

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To: refugee investor who wrote (947)	12/24/2011 11:31:46 AM
From: Italian Investor	Read Replies (1) of 1366

Happy holidays! Happy to say I am up for the year :) it is a year when I just should of called it a day after the first 3 months. What is your % in BAC now? I am right around 14% of my portfolio with the warrants and common summed up. I am also 100% equities and they are all financials going into 2012. I believe I was 30% or 40% in cash around this time last year. I am holding fewer and fewer names as my confidence grows hopefully I get the same results the last few times I went all in on a few names. Most recent departures from my portfolio were LUK and MBC.TO and not because they were expensive because they are far from that. jef 23.89% mbi 18.26% aig-wt 12.40% MTU 8.89% bac-wta 8.26% NMR 7.43% MNXBF.PK 6.39% bac 5.75% dsecf.pk5.37% aig 3.36% BAC is cheap and I put more money where my mouth is by buying more Warrants recently in the low 2s, I had no money avail when the warrants dipped below 2 and BAC went under 5 or I would have been buying a little lower than I bought. I have to wait 3 days for funds to clear in order to buy I am restricted (I did too many illegal trades over the years in all my accounts lol) and I don’t have a margin account. If you read Bruce Berkowitz write up on WFC in the early 90s and his most recent thesis on BAC how could anyone not like BAC @ these prices. This man was being asked the same questions on WFC 2 decades ago that are being asked today on BAC and they all proved to be correct. I looked @ the most recent BAC presentation and there Tier 1 common equity ratio is over 9%! Deposits are over a trillion and pretty much everything in that presentation looks pretty darn good to me and getting better quarter by quarter! investor.bankofamerica.com Do you follow that guy from TX, the Hayman capital fellow? He thinks Japan will have to default pretty soon. I saw that video you posted he seems like a bright guy much smarter than me. IMO, Japan does not have to worry about being forced like other high debtor nations there people and businesses own 95% of the debt. Unlike the USA they usually have a trade surplus this year was not the case because of the natural disasters and Europe but here is a chart tradingeconomics.com also the future is only going to get better IMO on exports due to who there neighbors are. People forget Japan is a creditor nation maybe the biggest in the world! Look @ the GDP per capita also tradingeconomics.com .The people and businesses are strong the only thing weak in Japan is the government. I own the banks they are super duper capitalized they have been deleveraging for over 2 decades. Pretty much every company in Japan is well capitalized they are drowning in cash. I am a bull on Japan stocks have no idea on the bonds but seems like the yields have no where to go but up. It is dealing with deflation right now, so monetization of the debt is an option and they will not have much international pressure. They did there own QE a few times this year and nobody seemed to notice or care much. I know Buffet is interested in Japan, Marc Faber, Jimmy Rogers and David Hero are bulls so I am in good company. One guy like Hayman that thinks Japan is going to fall off the map does not bother me much.

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