Iced illustrates perfectly the dangers of blogs and discussion boards.

Firstly people should ALWAYS excerice money management, ie not too much in any one stock!

Ignore everyone telling you to buy in "before it's too late", ask why they are saying that?  Are they buying?

Are insiders buiying or selling?

Are there any institutiuons in the stock?  If no, why?  What can they see that you can't?

What is the market cap per ounce of gold resource / reserve?

Are the company drilling furtiously, or travelling around the world promoting the stock?

Google the names of the directors and check them out.

Ignore phone conversation information the company will not put out a news release for, and ask why they won't communicate it officially?

The above rules work for ANY stock, and should always be observed.

I know it's easy to get caught up in a mania when everything LOOKS rosy, and all the bloggers are so positive. A bad sign is if those with an opposing view are bullied and ridiculed, intelligent people should be able to hear an oposing view without resorting to bad behaviour, and argue lucidly their point of view.

I symapthise with posters who have lost here, it's easy to get carried away with blogs, but if you have a maximum investment in any one stock, it will prevent disasters in the future.

 

A friend of mine always sells half a holding when the SP doubles, and he is very wealthy. Sure he misses some profits, but he never suffers too badly loss wise, and has a growing portfolio.

 

GLTA.