Pierre,
Thanks for posting that Thompson Kernaghan was doing some late buying. I've been too busy to notice lately, and I agree with you that Thompson Kergnahan's support now is a pretty good indicator that the base building is IMO, about to end. I noticed in last Saturday's Globe that some other tech stocks are going to the marketplace in Canada for about $450M in new money, which I worried might dry up the well for a while, until I remembered the large cash position of the mutual funds. If TK can get any volume going on GPW, so it is tradeable for larger investors, even small funds, perhaps some of this money will help our share price. Of course, the larger investors and more conservative funds will probably stay with companies like Cognicase, now that it has pulled back a bit. I retain my very positive forecast for GPW shares this summer, and IMO this delay to a senior listing only makes the next advance more likely to be part of a general advance in software and Y2K stocks, which will be sustainable and not just a lonely spike. I'm heading out of town for the next couple of days on a business trip, but GPW is one stock I feel very comfortable leaving alone, and hope to come back to a pleasant surprise . . .
Just chattin',
Murray |
