World Surveillance Group Inc (fka WSGI)

[mike306oh]

Jfburk, I hope you read the recent SEC fillings: SB-2 of 2/3/05, 8-K of 2/2/05, the "4" forms, and so on:

http://www.pinksheets.com/quote/filings.jsp?symbol=GTEL

If I were you (and everyone else here), I would read these forms before deciding you want to be a "long."

I would like you to read the "6 Deadly Mistakes" people usualy make. See below.

Check out especially # 6: "invest a little more when others are scared of the stock market" (you should have bought this when it was below 0.07, two months ago)..."and sell your winners when others start to get greedy" (today was a good day to sell, IMO).

PS: I'm not here to bash GTEL, but I hate to see all these newbies getting at the hights. Recently (when it was in mid 0.4's) I adviced the same on a MBAH board, and people did't like it. Hope, at least (at 0.12 or so), some people would say thanks if they indeed have listen to my suggestion. That's all, and because I have no shares here right now, this will be my last Msg. here. If and when I decide to get in (for a short play, that is), I'll post again.

Best regards and good luck to all,

Mike

------------------------

6 Deadly Mistakes

(Source: Monthley Fool Stock Advisor)

1. At the top of the list-you guessed it-don't simply settle for investing in "the market."

We're not predicting what the market will do in 2005. We're simply stating the obvious truth that many individual stocks will do better. Don't pass up the extra wealth that can be rightfully yours.

2. Don't let the media headlines sway you from your path.

It's easy to get bummed-out by the newspaper or evening news and do nothing with your investments. But remember, "bad news sells" -- and that's virtually all you hear about...the macro forces -- like high oil prices or rising interest rates -- that cause temporary storms in "the market."

Focus on the micro, the individual companies doing great right now, instead. That's where you'll find all the investing success you need to put a big smile on your face.

3. Don't just buy what everybody else loves.

Human nature being what it is, this is an easy trap to fall into. But it can be a deadly one you must resist. WorldCom, Enron and Global Crossing were all Wall Street darlings-before the bottom fell out.

While you shouldn't ignore any given stock just because it's popular, that's not a good enough reason to buy it either. Oftentimes, you'll find the best-and safest-profits by investing in great, but "unloved" companies everyone else is ignoring.

Cases in point from Motley Fool Stock Advisor: little-known auto-supplier Borg Warner (up 98% for us so far); scorned Martha Stewart Omnimedia (a 48% winning position); and comic-book company Marvel, bought before the big Spiderman hit for 426% gains so far.

4. Don't let your emotions get the better of you.

Sounds simple, but it's not. Tom Gardner recently interviewed a great investor and author of one of my favorite books ever, Quality of Earnings. If ever there was a guy you'd expect to keep his cool, it would be Thornton O'glove.

But he sold all his stocks shortly after the 1987 crash-the worst thing he could have done and completely opposite everything he had learned. That is simply emotion trumping judgment, and it can happen to anyone.

5. Don't bet your future on "conflicted advice."

By "conflicted," we mean taking advice from professionals who are compensated according to how often they trade you in and out of stocks -- and charge high fees to do it. In many cases, that's a clear case of conflict of interest.

Many investors pay a pro 1% of their holdings...to put them in mutual funds that under-perform the market by 2 1/2%...then see huge tax consequences because of that pro's active trading. You end up with sub-bond returns while taking all the risks inherent in stock investing. Don't do it.

6. DON'T let fear -- or greed -- destroy you financially.

Take some time to look at the history of the market. You'll see euphoric highs followed by devastating plunges. You'll see depressing lows followed by spectacular gains. Our advice: Buy great companies on a regular basis...invest a little more when others are scared of the stock market...and sell your winners when others start to get greedy.

Take those words to heart, and you will be more successful than 95% of the people you meet.