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: Italian Investor who wrote (1049)	4/11/2012 9:55:09 PM
From: Italian Investor	Read Replies (1) of 1366

A lot of moves today again, you are going to be shocked when I do my next portfolio posting but had to do it I was not feeling good. I can’t say they were all good moves but I had to revamp my portfolio it was sinking and I was stressful and want to protect my dwindling return for the year. Believe it or not it is only 18% :( after being up 30%. It is pretty upsetting especially to underperform like I have been the last few weeks with such a high cash position and then looking @ if I just invested like refugee and did nothing I would most likely be up double what I am now. Also, I would be a little closer too some LT gains instead of all ST gains. Thought I could have all spices with a lot of cash but it didn’t feel right and I was significantly underperforming so change was necessary. I revisited some names I sold out of like JEF today 17.19 (sold in the 19s not to long ago) and TSCDY.pk added again yesterday, back in BP today just seems to cheap here. Also, I mentioned I bought L yesterday and I am even thinking of getting back into BRKB a name I said I would not revisit anytime soon. That guy from UTAH has the right strategy High quality with a few spices not what I was doing all spices. I trimmed down MBI also to around a 12% position because it was rather large and I was looking to trim down everything I own. I also sold out of SVU with the nice pop the last 2 days 15% yesterday and another nice return today to bad it was play money. I missed the 2 pops in AZC with my play money I bought it close to its lows and sold it for basically a 0% return really upset about that one. XCO was cut in half and I sold out of NFX. I like NFX just tax balancing every purchase on this name lost money never had a chance to take a profit so it was a good one to offset some gains. XCO I sold everything bought over 6.80 for losses and kept the rest and I believe I am still positive on the year with this name due to trading so not all bad in the NG sector like coal. Still think NG/Coal are dirt cheap just have to find some new higher quality names to deploy money so I am not so stressful and make them a lesser % of the portfolio. They are bringing back bad memories of the financials last year and I don’t want a repeat when my 20% return went to -13 around thanksgiving to finish slightly down for the year. What a run it has been since thanksgiving to be down -13 to get all my money back and then go up 30% I should have called it a day and should have sold everything. Much higher quality names will be appearing in my portfolio and the cash position will be massive until there is some major QE or a significant pullback. Whoever is ballz to the wallz in stocks after a 100%+ rise off the bottom and with all the uncertainty down the road about the global economy is out of there mind.

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