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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (47992)	5/16/2012 3:28:47 PM
From: Spekulatius	2 Recommendations Read Replies (1) \| Respond to of 78471

I agree on Gold. I down own a bit of NEM at 44.1$ a few days ago since it does look cheap based on metrics (not that it seems to matter much). I also added s bit CLF@52$ (getting close to a full position there) BUT, some KSB3.DE @407Euro and a bit more DELL @15.15$. Right now I am about 75% invested, up from 50% a few weeks ago. The 15 day deadline "to replace imports with goods manufactured in the country" from the Argentina government is impossible to meet (imo), and I think the failure to make the impossible happen is going to be used as an excuse to nationalize the mining operations from the companies in question as well. Argentina is uninvestible right now and other South American countries like Brazil and Bolivia seem to be going down a similar, albeit less extreme path. On another note, here is an example that patience pays off. i have been sitting on this duck since 2010 and accumulated shares here and there in the 4's and finally 3 $ range. I accumulated over a long time in this two Branch failed mutual thrift conversion that went dark (per SEC). I sold some shares at 5.85$ and most today at 6.46$ and thereabouts. Not a huge gain (~50%) for a microcap but i don't think it has too much risk either. finance.yahoo.com