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

To: refugee investor who wrote (941)	11/12/2011 10:20:44 AM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

I should of played ostrich a little bit more, because I am underperforming the S&P by a wide margin I am down -4.89% while the S&P is up for the year. This past week I really underperformed I think I was down 3% while the S&P was up around 1%. I hope I don’t catch up to Bruce Berkowitz! His holdings should be coming out soon cant wait. Going to be really interesting what he has been selling due to redemptions. He is in a real dangerous spot his major holdings are illiquid and he holds huge stakes SHLD, JOE, MBI and AIG if he ever has to start selling some of those names in the open market that could put a lot of pressure on there stock prices because there is no volume. Hopefully I will have money and the courage to buy if the opportunity presents itself. We got some good news after market close of Friday the Royal Bank of Scotland pulled out in the restructuring case. JEF volume is finally back to normal and I have an avg buy price that is similar to what I had last crisis I believe don’t really remember but I know it was around here. It was pretty crazy there for a while JEF has never in its history (I believe) traded 46 million shares in a day any maybe the total share summed up for any week in its trading history would not equal what it traded on that day. During that 5 day period JEFs volume was 132.5M with LUK owning like 30% and not selling but buying which was nutz. If zerohege and a no named rating agency can cause that much panic to a conservative sound company like JEF just imagine if they were intelligent enough to actually pick on a company that is not as sound and well run. The low price I got it @ was 9.90 just before it got halted but I bought it many times during that day when averaged out it would be in the low to mid 10s my cost basis now on JEF is like 11.90. I also reunited with LUK that day because it was also getting pounded. Imperial is a rock wish I was still holding I made a mistake selling and I am not the type of person that can buy something when it is near highs or higher than when when I sold even if I like it and think it is a good value. Glad to see most of your holdings are doing ok!