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steve48135

03/21/12 1:32 PM

#59402 RE: dreg5 #59398

Please tell me you didn't. As an example I wouldn't have put my life savings in apple when it first was offered, not without knowing it would rise(and how could I have known). Just hold. Remember you don't lose until you sell. Best bet is to log off, go get your mind on something you enjoy and check back in a few days. I did it last weekend, felt friggin awesome.
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Kashkat

03/21/12 1:37 PM

#59406 RE: dreg5 #59398

@dreg5 - Until they release Phase 1 and 2 results with a current assessment of how much gold is in the ground, you would be "not smart" to sell at this point. Even then you would be wise to hang on as I and many others believe we will be pleased with the results. All IMHO.

I'm holding.

$GDSM
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BreakoutMojo

03/21/12 1:37 PM

#59407 RE: dreg5 #59398

It sounds like you put too much of your money into it. If you're emotional, the ups and downs are bound to put you through the wringer and cloud your decision-making process. Usually that results in buying and selling at the worst possible moments. How small should your position be, relative to your total account size, in order for you not to get emotional about it? That's how much you should hold. Don't buy in for more than that amount.
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Actuate

03/21/12 1:41 PM

#59410 RE: dreg5 #59398

I never invest money that I can't afford to lose. That being said, I still believe that this play will be a life changer once it hits phases 3-4, maybe even phase 2. That is why I'm looking at this as a long term investment. In a few months we will know a lot more about where the pps is headed. Right now, I'm just playing the waiting game. :-)

If this company wasn't planning on moving forward, would they even bother to complete and submit last years annual report? IMO GDSM is moving forward, but as we all know creating a mining operation can't be done overnight. As they progress through their business/JV plan, I think we will see the pps increase substantially over time. I'm holding for the HUGE gains here!

JMHO
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bobbs

03/21/12 1:59 PM

#59425 RE: dreg5 #59398

KNOW why you decided to buy into GDSM in the first place. Did you buy in b/c it was the "hot pick" of the week or b/c you did your DD and liked what you saw and decided to invest your "life savings"? I'd say that if you're willing to dump your life savings in this thing you had a pretty confident idea on where this baby is heading! Will it be going up significantly in the next month or so, who knows? Will it be going up significantly by end of year, YES YES YES! Hold strong and KNOW what you've invested in. Maybe you shouldo just set alerts for key price points .01, .03, .05, etc. and walk away only to check back when you get the email alerts. I should take my own advice and do that also, but I have an extremely boring job and watching the charts/tickers spices things up a bit, even days like today when all the lemmings are mindlessly walking off the cliff! lol :P