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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: Sal Pugliese who wrote (1303)	7/27/1999 3:07:00 PM
From: Greg R	Read Replies (1) of 1673

Sal: I'll give you the same response I have to a number of private queries - From July 20 - GIB.a followed a totally unexpected, but highly predictable stifled bear-set. Very sharp downward pattern. I just never considered it as an alternative for GIB.a The stock has followed such a flat sideways movement for so long that the usual clues of what was about to happen weren't seen or else I didn't want to see them. When it did, I had no choice but to plot it. It passed what often would be a low point on Thursday. Using the limited clues this stock provides, I would guess the actual low is one two three days away maybe at $28.75 to $29.80. Unfortunately, this stock is still very stingy with its clues and the chart provides lots of room for it to drop more before taking off. Regardless, I am still holding. The stifled bear-chart (which will probably be followed by a very sharp stifled bull (this time I will be watching and expecting it) shows a lot of gain to be made. If I sell, it will take off without me. If I hold it will continue down for a few more days. It is the law. Well, it did reach a low two days later at $29.15 The intra-day lows started going up very slowly a nickle a day for two days, but have fallen back again today. The intra-day highs have continued to track down a very strong ghost line. I was disappointed with the fall back today. I was going to buy more if it was up again. Looking at the chart, if I was a betting man I would say this stock is about to jump upwards within 24 hours. It is coiled like a snake ready to strike. At the first proof, I will be buying. I have been short on virtually everything with only three long stocks including GIB.a The others all have very tight stops in place. GIB.a has none, such is my confidence in it. Greg

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