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

To: Italian Investor who wrote (438)	5/31/2010 7:30:01 PM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

bloomberg.com

To: Italian Investor who wrote (438)	6/1/2010 9:57:40 AM
From: Micawber	Read Replies (1) \| Respond to of 1366

I agree with you 100%. BTW, LUK reached a high over $56 in 2008. Glory days are gone for the foreseeable future. I too had a large amount of my net worth tied up with them, but I will no longer do that until I see a compelling reason to buy. And there is absolutely no compelling reason to buy when C & S and Orlando are selling sizeable shares at $25-$26. Truth is they got caught flatfooted in 2008 with way too much debt and holdings that they overpaid for. Stock has gone nowhere for over a year, and with no dividend now, holding it has become too expensive. I too thought it was a coiled spring, but every time it starts to bounce, the sellers (including the insiders) come out in force. As you say, way too many other better opportunities out there.