Imperial Metals (IPM.T) Message Board

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

IPM 1.920

-2.0%

Nov 6 3:59 PM EST

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To: Paul Senior who wrote (1176)	10/2/2012 8:05:05 PM
From: Italian Investor	Read Replies (1) of 1366

I would do it the same way as you Paul, if I entered that space not really excited about it either with most names not too far away from highs. NG has been on a tear lately but NG stocks have not moved much surprisingly wish I bought the futures, oil is still very close to 100 and most oil stocks are still priced for 60 dollar oil maybe it is a sign that lower prices are right around the corner. This is a very tough market and I am sure I am not the only one who is cautious. LUK has been raising money lately I believe they are bracing for challenging times. I really don’t think they have anything in mind to acquire especially after hearing there mind set last meeting. Sam Zell, Bill Gross and Ross Perot all gave out warnings the last 2 days for the US economy. There are some names that look very cheap and have the balance sheets to help give support to their share price when the economy hits the wall like RFP, AIG and GM that I like a lot right now. Also, in the energy sector DVN and NFX are still my favorites both are solid and well run and I would not mind if the market gave me the opportunity to buy them below book again. An insider for NFX just had a big sale which upset me, and it will be something I will be watching to see if there are more big sales. Looks like you made a good sale on MCF because it went down every day since you sold until today when it went up almost 4% on the news of an insider buying. I am still looking to get in on this name and hope to get in if it comes down to a valuation level close to my other energy names. IMO the easy money has been made the last few years and the next few it is like Bob R said caution danger ahead.

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