Imperial Metals (IPM.T) Message Board

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

IPM 1.940

+1.0%

Nov 7 9:30 AM EST

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To: refugee investor who wrote (981)	2/4/2012 11:00:44 AM
From: Italian Investor	Read Replies (1) of 1366

T-boone gurufocus.com Looks like you are going to hold Imperial like you been holding some of your other holdings like STT I admire your patience! There are not many guys I follow actually none accept Buffet, Eddie, and Murray E that hold stocks as long as you do. Bruce a LT investor for example held Berk and LUK for a very long time but he was a seller @ many different points over the years. Another great day yesterday! Got some more XCO as it set a new 52 week low it is a 2% position now and my cost basis is way cheaper than Wilbur because I just started my position. I remember this time last year XCO was getting an offer in the 20s now they are in the 6s and everyone is saying bankruptcy with NG in the 2s, what a difference a year makes! XCO right now is trying to sell some assets IMO to weather the storm of low prices because they are not hedged well looking out after this year. They should generate good cash flows this year with current hedges so this with the asset sale should be enough to weather the storm if NG prices stay down for a few years. I saw it dip to the 4s during the financial panic so I got my fingers crossed we go there again! Also, sold SNE with the 12% pop yesterday plus another few percent I got the day before when I bought while it was getting rocked. I know you and Buffet would not approve of holding a stock for 1 day but if I can get a double digit return in a day I am taking it and running. OSTK, Francis and Prem have been holding that name for many years now and it is the cheapest it has ever been since they started buying and Chou is still buying biz.yahoo.com . Chou biggest bet in 07 and still today seekingalpha.com I usually do very well on investments like this, if Chou has not changed his mind after at least 5 years and is still buying what more research do I need to do? What possible research could I do that he did not already do over that period of time. Maybe if it becomes a bigger position for me I will visit there website and do a little reading to see what is going on, but honestly I have too many names on my mind right now to be bothered, but I do plan on adding bringing it up to a 2 or 3% position if it dips. I am getting it more than half off what pretty good investors paid.

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