new year high, page-22

Probably getting away from GBG here but all good fun anyway.

Strike and paps I learn everyday and do a fair amount of research. Charts or fundamentals you need to be well informed in your area.

The best trading lesson is to burn a few grand here or there thatis the one you dont forget.

Its part of the process.

As well as fundamentals odds are also helpful. You must take some risks. One ggod win can overcome losses if you dont let your losses run.

A good exit win or loss is a must in your strategy.

You are correct about directors not always being correct. GBG was going to be mining and shipping in 2007 according to them.

You need to read between the lines and this is why you must follow your stock and get a feel for its personality. This includes interpreting directors comments. Before GBG went big the previous director put out a lot of white noise. A fter a while you know how to interpret his comments. This too me is minimising my risk.

Graphs arent my main tool . I certainly look at charts but twice GBG has dropped from around$1.80 to well under a dollar as well as the current slow climb.

As I said you must enjoy trading or whats the point. I live by - If Im in too deep I dont sleep- Then its time to lay off some risk until Im comfortable again.

I will be much more comfortable on the 9th April when according to GBG the senior debt facility and offtake agreements will be finalised.

Anyway my core holding is in for the long haul and I dont trade them and good luck to you both and every other investor in GBG

Cheers
gmac