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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: Italian Investor who wrote (1193)11/16/2012 8:18:16 PM
From: Italian Investor  Read Replies (1) of 1366
 
A little upset with myself today because I got greedy yesterday I saw mrvl up 7% after hours yesterday and I held out for a 10% gain that never happened it actually was down for most of the day today. I ended up buying more when it was down over 3% and it finished basically flat so not all bad but I am kicking myself could of made good money. Saw another Bruce B holding blow up today SHLD bought a little @ 47. Fairfax came back a little today after yesterdays 5%-9% selloff learned they got taken out of an index and that explains the 300000 volume day yesterday and the 80000 day today when it normally trades 20K. For the risk adverse investor I don’t think you can find a better play than Fairfax. Wish I took the time years ago getting to know Prem it has been basically the last 5 years reading up on whatever gurufocus posted being lazy. I did not really start to read his reports until this year they are Berkshire like. I know people will come back with Berkshire as a better choice, but I actually think Prem has his company positioned for pretty much anything possible. I don’t think it will go down much in a major correction and you will make a decent amount if the market gets more overvalued. He has a sizable position in quality Buffet names like WFC, JNJ (I know Buffet is getting out, but it is still solid) and USB then he has some deep value plays like RIMM, LVLT and RFP. I love RFP and I am starting to think RIMM is going to make a comeback with the launch of BB10 it looks like it is going to be a game changer for the company the demos look pretty nice. He is not afraid to take profits like the guy from Omaha either recently he took profits on USG I was thinking he would do it because of the advance. TSCDY briefly went under 15 again today I came close to buying but I was a few pennies off. Anyways I will leave you with some Watsa quotes that I think you will enjoy.



Some Prem Watsa Quotes

quoteswise.com
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