gdo plan acquisitions on back of maiden profit, page-30

I have tried to remove any form of emotional validation from a rising SP. If I know the company is making money and needs no cap raising, the only day I care about what the SP is, is the day I buy and the day I sell.

At some stage someone will buy in heavy simply because it is stupidly undervalued. It just might not be today or tomorrow. If you need the price to move NOW to validate your emotions, you should do pure technical analysis imo.

A true fundamental analyst sleeps easiest when his shares are still worth around or less than what he payed (so long as he backs his analysis 100%) because it simply means they are still undervalued, so the game plan is simple; Sit and wait.

IMO its much more stressful when the company DOES go up in price, because then you have to work out what the exit strategy is. If something is 40-50% of what it should be, its an easy decision. When its price is closer to 80-90% of its 'actual' value that is when it becomes much harder to know what to do.

I also invest HARD when I like a company. At the moment I basically only have 3 real investment companies, all of which are no brainers. IMO GDO (at this stage) is the biggest no brainer and smallest risk of the lot, because it has both cash flow AND profits. Yet you are still getting an extra 15M ounces of gold for free...
Crazy huh?