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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 (1203)11/28/2012 5:10:33 PM
From: Italian Investor  Read Replies (1) of 1366
 
Welcome back Paul, well Bruce sure loves AIG I remember him buying a boat load around this price last year so at least you did not have a year of 0% return on your investment. I own WFC through Fairfax which has reduced this position by around 75% he also has been reducing USB pretty aggressively both names he held for years. I have been a seller of late on almost everything. My latest sells after making double digit returns in a very short time frame were MRVL and MBI. I was early selling both @ 8 and they are considerably higher now errrr, but I hope to get another shot. I am really bearish and scared to hold pretty much anything think the market is going to correct at least 20% from here so why own anything long term when you can buy cheaper. I own 2 names right now that I plan on holding LT that represent 40% of my portfolio FRFHF 30% and RFP around 10% the rest is in cash and bonds waiting for the sell off. If it does not happen next year I will be very happy if I get a 3-5% return on my money. I have my 2 bearish bets on the Yen and JGBs still and don’t plan on selling them either and this is one of my hopes for double digits returns next year along with putting some capital to work if we get a sizable correction.
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