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October 18, 2006

Robert of Ivanhoe, Wed., Oct. 18, 2006, 12:59 PM

Everything in trading should be based in strategy. Ivanhoe's Robert Friedland's strategy was to bring Rio Tinto's $1.5 billion to Mongolia. Mine was to bet the jockey (Friedland) when everybody was counting him down and out.

How can I say that everybody was counting him dead in the water? Read my lips: RSI.

On June 13, I wrote: Buy, Buy, Buy! Actually, I wrote: "I'll add IVN to my earlier list that should be bought at these levels." The stock was $6.00. I said it would soon get back over $8. I lied; it hit $9.52 today.

What was the RSI-7 at the moment I recommended IVN? Weekly-Daily-Hourly = 22.5, 21.9 and 15.7. Thank's Bob for helping teach my students.

BTW, subtract those numbers (at the bottom of the IVN cycle) from 100, and what do you have? Yessirree, Bob. That's the DJIA, which is the polar opposite of a Bear bottom " it's called a CNBC Top.

But I digress.

Thank you messages are rolling in.



"Bill, Today is a nice day for those that own IVN.

I purchased shares at $6 back in June on your recommendation.

Ivanhoe Mining ready to pop, Tues. 6/13/2006 3:50 PM

Thanks again.

Mark"



"Bill,

You have been providing an invaluable service by helping us understand the various risks involved in investing in 3rd World resource development projects, and particularly how important it is to understand the background and modus operandi of the promoter. Today, your observations and repeated calls for patience on IVN have produced the results you expected as Rio Tinto has stepped up to take a + $billion stake in their Mongolian mine. I'll stand behind your observations re KRY and let history unfold as it should. Thanks again!

~TerryC"


Yes, I was born at night, but not last night.

I have written a lot about my friend Robert Friedland, and his Ivanhoe.

But this is the one that tells how I first met Robert of Ivanhoe.

Posted by Posted by Bill Cara on October 18, 2006 12:59:18 PM | Category: 15 Materials

Discourse

I promised many months ago not to bring up IVN except to say: "Kaching"

Thanks Bill

Still Long IVN

Posted by: C.Note [TypeKey Profile Page] at October 18, 2006 2:46 PM [link]

Bill,

I read that article you posted way back when that Bob York wrote but never pulled the trigger. Glad you reposted as I was looking for it this morning after hearing the news. Interesting adventureous fellow.

Posted by: ockrazor [TypeKey Profile Page] at October 18, 2006 2:50 PM [link]

There was another call Bill made: KHAN RESOURCES INC (Toronto:KRI.TO) - Uranium mine in Mongolia - and Khan ins flying up > 20%

http://finance.yahoo.com/q?s=KRI.TO

Posted by: Chuck Kap [TypeKey Profile Page] at October 18, 2006 3:42 PM [link]

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