Continued news like this will help a lot.
Almost all news coming out of GUSH is
positive and appears to be relatively
truthful. I am sure they place a positive
spin on news but I cannot find anything
which does not make good sense nor appears
to be completely false.

Purl Gurl

Short snip:

This year,

"Unexpected shutdown of two refineries."

Last year,

"Unexpected shutdown of five refineries."

Year before,

"Unexpected shutdown of several refineries."

Darn refineries, those mechanical devices
always know to shutdown just before Summer
arrives here in California. I think this
is a violation of Asimov's Robot Rules.

"Oh ****e! Please Uncle Sam, don't kick
my butt every which way but loose."

Travel ban was lifted less than an hour back.

You see? Kicking butt over there is proving
to be be very beneficial, with a sad price
of lost lives. Nonetheless, we will never
know how lives are saved in the future.

Purl Gurl

Bob Frey needs to change words like our
androids do for our home server.

That was "Oh S h i t e" a pun on a
religious sect.

Our androids change the S word into,

"Dog Fart!" which is even worse.

Yes, last year's refinery fire was quite
suspicious, especially knowing insurance
coverage paid well. Timing couldn't be
better; right when prices always rise.

Triple end profits. Insurance payoff,
better refinery and increased profits.

Drat, need to go work on our rental and
I am enjoying sitting on my big butt
watching stocks. Have a feeling I am
in trouble for a late show at work.

MUHAHAHAHAHAAAAA!

I am interested to discover if GUSH will
report a net profit on their next 10Q with
this discontinued operations write-off.

Overall, very good news which should move
investor perspective to a very positive one.
It is possible investors will view GUSH
as one of the "big boys" of oil resulting
in prices eventually moving up into the
2.00 to 3.00 per share range, long term.

GUSH is slow moving for now but their name
is beginning to become better known.

Should momentum continue to build, it
is possible GUSH will display a decent
price breakout although I do not expect
to see a classic skyrocket effect.

Those who bought at my suggested entry
price, you are up a strong fifty cents
per share for the near term.

We still continue to hold GUSH for long term.

Purl Gurl

(snipped for brevity)

This is typical behavior for GUSH. A rebound
should appear in a few hours.

Be encouraged, don't dismay, GUSH will
recover just fine in the one to two weeks.

I would expect some reaction to these new
shares submitted for vote on March 23 which
is not far off. However, their float will
be increased to three-hundred-million shares
which remains relatively small. My hunch
is GUSH will use a majority of those new
shares for new covertable loans rather
than selling on the open market. They have
a greater need for financing than cash
inflow from common shares.

Market conditions are again bad today.

Current prices are a good entry point
being absolute bottom support. Today's
prices moves GUSH into an undervalued
status and we should see improvement
over the coming weeks.

Should GUSH rally to over .70 per share
today, this would be a positive signal.
I expect GUSH to do this.

Terrorist attack, bad market conditions,
I believe those two are the major factors
affecting prices across all boards.

These are very tough times in the markets
and recovery appears to remain a long ways
into the future.

IVAN for speculation sentiment.
TXCC for value sentiment.

Both are severely deflated in prices.
IVAN is down sixty cents off its norm,
and TXCC is down fifty cents off norm.

GUSH is down about thirty cents from
where it should be. Not bad, relatively.

Late last year and early this year, most
investors began moving from speculation
stocks into value stocks. This trend does
continue and is more noted recently because
of the terrorist attack.

Most, a majority of stocks, are taking
a severe beating. GUSH is no exception.

I am, of course, disappointed but remain
confident value stocks will recover in
the future. GUSH is a value stock.

All investors simply have to wait this
one out, with patience. Markets will
recover but not for a long time.

Volume is very light today, for all markets.

There are panic sellers who have caught up
with news over the weekend. Light volume
and panic sells, always lead to lower prices.

However, today's light volume indicates
sellers are not dominating markets but
rather there is an absence of buyers.

Eventually, buyer confidence will return
and markets will rally. Low prices will
tempt many buyers back into the markets,
but this terrorist attack has many on
edge, a result of memories of market
crashes right after nine-eleven.

Your strongest strength now, is patience.
Run out of patience, and you will lose money.

Purl Gurl

FNG, another indicator for you, right
here at home, in a sense.

You will note during market conditions
like we have, bad conditions, volume
on message boards will drop off as well.

A lot less pumping, a lot less bashing
and a lot less discussion in general.
Most are holding their breath, save
for me, of course; I've been through
this many times before and remain very
confident knowing markets will recover.

Last couple of weeks, pretty rough, even
got me down. Looked like major worldwide
economic recession for a bit, but markets
rallied just in the nick of time. In truth,
today's market conditions are not that bad.

Back to my current topic, discussion boards
can be a measure of investor confidence.
This board, like most boards, displays a
loss of investor confidence. I see current
conditions as excellent buy prices, but
only for value stocks. Others are fearful.

Another measure is of poster experience.
Those who are currently dropping in to
pump selected stocks, are either scam
artists or absolutely clueless. This
is not a time to be pumping speculation
stocks, especially those under fifty
cents a share.

It is true there is always a bull market
somewhere, but very few recently.

Make a note of who is pumping stocks
currently and red flag them as those
not to be trusted.

You may think of yourself as a typical
"F'n New Guy" but not anymore! Welcome
to the brutal world of investment.

I feel comfortable buying at today's
prices for GUSH.

Really scary market conditions, yes?

This is a good shaking, a good test
of metal. Many inexperienced investors,
many "weak hand" investors, both are
being knocked out of the market, perhaps
for good. Only seasoned and confident
investors will remain affording a better
overall strength for market recovery.

Do not allow my opinions to sway your
decision. I could be wrong. Be careful.
Stay out of markets if you do not feel
comfortable. Better to retain your cash
than to lose it. Risks are high.

GUSH is gaining a bit on the day which
is a positive signal for current markets.
This confirms, so far, good support for
current prices, even a little higher,
pointing to investor confidence in GUSH.

Purl Gurl

Full article is available through your
usual sources for reading.

March 15, 2004 13:49:00 (ET)

"CanArgo Energy Corporation: Georgian Drilling Programme"

"Should GUSH rally to over .70 per share
today, this would be a positive signal.
I expect GUSH to do this."

Prices moved up to .70 to .72 and settled
fairly much at .70 per share. Down from
Friday but up on the day.

Do be encouraged. This is positive, an
indication investors are viewing GUSH
as a value investment rather than risk.

A million share dilution should not cause the
type of drop in prices we saw today. I noted
prices opened way down, at bell. This suggests
orders were stacked up, all very low. Wouldn't
make sense for so many investors to sell so
low, all at once. This timing seems related
to continued news on the terrorist attack.

Today's news release hints GUSH is trying
to provide price support. More news in the
next week or two, will affirm GUSH trying
to bring prices back up, a positive point.

I am confident GUSH will recover, but have
no clue what new prices will be. Gained a
little today, should gain a little as we
move through the week.

That Monday morning there is a sharp dip
in prices but a recovery back up to his
sell price for the remainder of the day.
Trades for that Monday are almost all up
volume, very little down volume.

Tuesday, a sharp drop on open, a slight
rally, mixed up and down volume. Subsequent
mornings show a rally at open, then gradual
decline in prices over the day, much in
keeping with overall markets.

Today, Monday, you know the story.

Technicals indicate his one time sell of
one-million shares displays only a slight
glitch at open Monday, March 8 of last week.

This is his only reported inside selling
for a long time, so he is not actively
selling. Appears he took advantage of
high prices to bring in cash.

Robson has two-hundred-fifty-seven-thousand
shares left, a little over that, which will
probably be replenished with an officer bonus.

I don't see much of anything which suggests
investors reacted in a negative fashion to
his selling of shares, nor anything which
suggests he is unloading expecting bad news
to come. Appears his activity is within
acceptable norms.

Purl Gurl

A positive signal but opening prices will
probably be closer to yesterday's closing.

Glassman is the one to ask about taxes. He
knows a lot about stocks and capital gains.

Decent rebound, yes. I think we will be
stuck at .80 to .82 for at least five to
ten trading days. Should recover back
into the .90 to .95 range but will take
quite a bit of time. GUSH is slow moving.

This one is a certain long term hold.
Eventually I expect prices somewhere
between 2.00 to 3.00 per share but this
is at least a year away.

I'll send Glassman over here for taxes.