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 (952)	1/2/2012 11:00:08 AM
From: Italian Investor	Read Replies (2) of 1366

Someone betting Bruce will be forced to liquidate on SHLD. scribd.com What helped me lose less money this year was my outperformance @ the beginning of the year and my trading of mbc.to. I did really well the first few months of the year and from Thanksgiving on but it was all down hill between those time frames. I could not do anything right it seemed accept for trading MBC.TO and MBI a few times for nice returns and if you take this away I am down much more than I was. Sad to here that this has been your worst year ever against the benchmark. The big bets you placed seemed to hold up well Berkshire, STT, PWE and Imperial. Your smaller bets I don’t follow, but I believe Paramount is mainly Natural Gas and with prices last checked being under 4 dollars an MCF you would expect them to be doing pretty bad. If they could hold on until Natural gas prices recover and not need to sell assets or raise capital you may get your money back and more without adding to your position. My biggest worry holding this name @ this point would be them being taken out for less than your avg buy price. The Chinese company you own I have no idea I gave up on Chinese names you cant trust anything they report, if you can find one that is not lying and you lay down even a small % of your portfolio on it you will be very happy. I prefer to stay away right now, if I had a good year I might buy a basket of names with 1 or 2% of my portfolio as a lottery ticket knowing all I would need is 1 name to not be lying. Looking @ every name that I held in the past, if I held now I would have been losing money. Luckily I took profits and never returned and extremely happy I did not get back into CSKI because I almost did and that would have been painful because they are below a dollar now. I did due one thing better than most last year I predicted the S&P would be right back where it started and I was correct. So, here goes another prediction my 2012 predictions will be for the S&P to finish up 15%, and both of us will have much better years! Also, my buddy Bruce Berkowitz and your parents will be smiling again because BAC is going to be the best performing stock in the S&P!

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