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: Paul Senior who wrote (1110)	6/30/2012 2:38:36 PM
From: Italian Investor	Read Replies (1) of 1366

What a day Friday my cash position hurt me but I still managed to make about 1.5% on the day which brings me pretty close to 18% up on the year. I took some profits and the cash is up to around 45%. I also took a 3% position in SRTY when it was down 7% and I believe it finished down 9% on the day : ( . Yea trying to short again lets see how long I have the courage to hold it this time around should of made a lot more money last time around. Paul 200 positions that is a lot to keep track off how many people you have working for you. You are like Joel Tillinghast @ fidelity he always had 100s of names. Both ARW and AVT look solid I have no idea why I did not follow those names over the years they were on my watch list being large holdings of FPA but I never followed them. Refugee I actually bought Imperial for a trade the day before you mentioned it I believe, or it might have been the same day and sold it for a 6-7% gain. I saw that it was down 50% from its highs and went for a quickie. The avg stock in the medal sector has come down a good amount from the highs but most of them are still up much more than the avg energy company from when the s&p hit 666 so I am still avoiding the sector. If copper brakes 2.75/LB I will start getting more interested, I believe copper went over 3.5/lb again on Fri. that is about a 25% yoy correction I need a little more of a correction to get interested. Natural gas prices have been soaring of late up what 45-50% from its crazy lows. I believe NFX was as cheap and more diversified than XCO when it went under 26 so made that a larger holding than XCO. XCO is cheap also but it has the Wilbur Ross premium holding up the share price the last few months if Wilbur was not involved it would of went much lower than it did. NFX had NO big name buying so the price kept sinking got my fingers crossed it keeps its upward trend. When it hit its lows of 25 a few days ago it was up about 55% from its S&P 666 lows of 17 and they like SD are more diversified now than they were back then so IMO 25 might have been the bottom on this name, but you never know what Mr. market is going to do especially in today’s environment.

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