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


To: refugee investor who wrote (1044)4/7/2012 9:00:36 PM
From: Italian Investor  Read Replies (1) | Respond to of 1366
 
Happy Easter! Rainwater must be really close to dying for Eddie Lampert to make a public appearance for a tribute. Rainwater was one of my Heroes I will miss him I am surprised I did not know he was sick until I watched the tribute. He was one of the greats! I will take a look @ that coal stock maybe owning a bunch of them would be better than 2. When the sector turns I am sure they will all go up a good amount so owning 2 might not be as smart as owning a bunch just in case the ones I own happen to be the ones that don’t make it threw this down turn. Would be less stressful and a good execuse to do some tax balancing have not had many realized losses this year and taking a liitle off the table on these 2 name would help out a little. JRCC on my high purchase of 5.9 would be close to -20% and ANR would be close to -25%. I like ANR the best in the coal space because they have a lot of the good stuff and they are a big exporter all around the world, but them being my biggest losser and tax selling makes too much sense when I have a huge selection of names in this sector to do a little swapping. I got my fingers crossed MBI gets a payout before June. This one is up to an 17% position my largest by far. I noticed Monhish sold a lot of his BAC position and is loaded with WFC most likely he was profit taking like I did, it is hard to pass up a big return in a short period of time. I doubt he thinks it is expensive I sure don’t I am just praying for a significant pull back to get back in. I would probably start buying back the warrants if they go below 4 and Bac if it goes below 8 or the low 8s. I also hope to buy back a lot of what I sold in TSCDY this week if it goes into the 14s. This time I am going to hold it for the LT hehehehe maybe. Saying this I am looking to take a break from the stock market I need a rest and yard duty is just the thing to take my mind off buying stocks. I really have been glued to my computer this year and even though I am having a good year I am as stressful as 08 when my money was sinking. Cash is the best investment for me right now and I plan on sitting on that 35-40% until i feel better about the market.