I agree Jean-Robert. At the same time, when panic hit the market last week, it was even more important for the funds to maintain what advances they had made in CGI. With CGI not yet "blue chip", the volatility is larger, the funds knew it, and decided to take their money and park it in bonds.
Now that the panic in the market is somewhat abated, the funds are not under pressure.
I also agree that there are few, if any, that performed the way that CGI has. But, and its a big but, at some point, you have to take profits. That will always have some downward pressure on a stock and that's what we experienced late last week and this week. In my opinion, this downward pressure is over, the stock is now at a value where others will start to accumulate and a gradual increase to high $20s will be underway shortly. |
