SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : CGI Group (GIB.A) -

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: claud_c who wrote (1179)4/22/1999 4:22:00 PM
From: Greg R   of 1673
 
Claude - Oh declining BII absolutely :) Actually, you said you didn't want to know what the charts showed for BII. Thank goodness I sold my IBM puts before the closing bell last night or I would be visiting the soup kitchens today.

Unfortunately, GIB.a continued down the old path again. Yesterday's one day up move wasn't enough to prove it was on its way. So, I am a little nervous.

The answer to your equation is D. If the DOW continues up, forget GIB. Money is chasing the sure thing right now. We need money to pour out of the DOW and look for new homes like GIB. While the DOW is going up and GIB has not produced results to support their price, the money will avoid it. If the DOW drops, money will go to GIB. If GIB posts results to support their price, money will go to GIB as a sure thing.

That's my two bits worth.

Greg
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext