Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: teevee who wrote (604)	8/22/2010 6:40:50 PM
From: refugee investor	Read Replies (1) \| Respond to of 1366

ARN has had a nice jump from its low, and in general seems to have been a good stock. Seems like a good outfit too. I am hoping that my Can. oil co., Penn West, which is counting on many of the same things as ARN, has a good jump when the results of their horizontal drilling kick in, also maybe it will help when they reconvert to a corp. I don't think they belong to the ranks of the big N American oil co.s quite yet, but they are getting closer. How did you hear about Imperial? Don't have a preferred sector or specialized knowledge, unfortunately. Ideally the plan is follow a small number of master investors like Berkowitz, Buffett, Russo, FPA etc, identify major positions of theirs which I can understand, establish large positions in the same when they are cheap, and get to know them pretty well and hold them for ever to minimize taxes and transaction costs. However I am just starting to realize that this is not the best strategy for a secular bear market! Got into Imp by following Berkowitz, who wrote positive things about Murray Edwards, so starting doing research on his co.s, and plowed through an annual report or information form from Imp. and saw that Berkwitz had a big position too ( this does not show up on EDGAR for some reason), and then forgot about it for a couple of years until the slump last year, checked it out again when it was crazily cheap and bought some as a value play based on their cash at the bank --with moral support from ItalianInvestor who posted about it when it was under $1--but the subsequent Red Chris bonanza was unexpected, though most welcome, good luck if you will.