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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (46090)	1/4/2012 4:27:25 PM
From: Madharry	2 Recommendations Read Replies (1) of 78618

for those of you who own mil the the former terra nova the former mass financial, Mr.Smith bought an old iron mine today, the stock is up a bit, but still below book. it remains one of my largest holdings. I will give Mr. Smith a few more years of trying to earn the 20% returns that he has been able to do historically. I have been adding more silver positions in the last couple of days specifically cef and agq, and more axu again. we will see how silver does in 2012. somebody recommended MOS on cnbc but said he thought CF industries offered the most appreciation potential in the space. AAB.to own a couple of feritilizer companies in Brazil. They continue to sell at around 1/2 of there last reported book more or less. I continue to hold all my shares there too. I dont know if any of you noticed the rights offering on unicredit. apparently the italian bank offerred shares in a rights offering to existing shareholders at a 43% discount. on cnbc they announced that shareholder only participated in 26% of the shares. Given that European banks are afraid to lend to one another why would shareholders want to provide capital to such risky enterprises? Of course one can ask the same question about putting money into the black box we call a US bank. the MF global question of what happened to customer deposits still hasnt been answered. This is the greatest scandal as an investor that I have been witness to. A special prosecutor should be appointed to investigate both the MF global executives and their regulators. The bankruptcy took place four months ago and many accounts are short 1/3 of their value, and there are still no answers. Amazing. The lesson that I should have learned in 2011 but did not was that margin is a two edged sword, and that markets can stay irrational longer than i can stay solvent. As a result I was forced out of positions I would have rather kept.

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