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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: Italian Investor who wrote (298)	4/1/2010 4:29:56 PM
From: refugee investor	Read Replies (1) \| Respond to of 1366

Well, you are probably right. The main thing was to have put money to work during the dark days of '09. As far as I am concerned, a tendency to do nothing, a reluctance to take short-term cap gains, and the feeling that many of my stocks are reasonably valued means I will keep on sitting. I admit I am terrible at selling, only mediocre at buying, but great at holding! Of my six or seven major positions, only ABB is expensive, but its future seems bright. White Mountains is still under book, Berkshire's fair value is $100, State Street rarely has traded at a p/e of 12.5, PWE trades at half the multiple of comparable energy cos, I ignore Acorn, and the rest, Leucadia, Paramount and Imp. would be short-term gains. Imp might easily fall back, but that would not kill me, and in the meantime I am enjoying its rapid ascent which is a new experience. It seems likely the stock will be higher in a few years when there is more clarity about Red Chris and where the development money will come from. If I were more serious I guess I would reduce Imp when it reached a certain % of the port., but that is too much trouble. It has got up to 15% or so. Don't want to water the weeds!