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

To: refugee investor who wrote (862)	5/29/2011 6:36:03 PM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

Am tempted to buy some more BAC as a spec position, alongside my investment position...kind of expecting it to hit 20 again over the next 18 months. Do you have a sell target on mind? Right now I do not have a price target the strategy is to take small bites if it keeps going lower. If I am still buying and I have owned it for 9 or 10 months I will hold it for the LT, but if it pops to 18 or higher in the next month or two I will exit. Any general thoughts on the market? Many things, except Walmart and some big tech, look expensive.' The USA market as a whole is overpriced the high quality names like JNJ and WMT seem reasonable, but you know like I know more stimulus will kick in if there is a hiccup so it can get much more overvalued. I also think the old largecap tech names are good values I own HPQ and CSCO. The financial sector is due for a rally it has been the worst performing sector and most names are back to early 2009 prices. I do not know if I told you or not believe I mentioned it on the Yahoo FAIRX board, but I trimmed down my JNJ position to lower my cost basis to the high 50s (sold the shares bought in the low 60s) and CSCO is now my largest holding. Going to try and hold JNJ for the long term but I know myself if it goes over 70 and I only have been holding it for a few months I will be out because I hardly ever pass up a 20% return in a short period of time. CSCO on the other hand a stock that keeps on going down most likely will be a LT holding and that is usually how I get a LT holding. Mr. Market has to act irrational for a while on a name that I buy for me to realize a LT gain. Thanks Mr. Market! If you want cheap there is NO better place than Japan small caps! Look @ DFJ the wisdom tree ETF it has over 300 names and the avg book is .71 and the cash flow is 2.99 the 2ND cheapest I could find was Korean smallcap SKOR it traded for 1.2 Book and 6.58 C/F. The largecap Japanese companies are reasonable, the avg company sells for half of what a company in the USA is selling for. If the great investors like Ben Graham, Templeton and even Buffet were alive and just starting out my guess would be they would be investing a good chunk of there money in Japan it is just too cheap and even if it doubles it would look like the Korean index which is not that expensive. If Buffet is still a little hungry we will hear him mention how he spent a little of his personal money on some Japanese names like he did with Korean names years back.