Capital Alliance Group - CPT (CDNX) Message Board

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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX)

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To: CIMA who wrote (555)	11/2/2000 6:49:12 PM
From: keith massey	Read Replies (3) of 960

The CDNX tech. sector has been a blood bath since April. If you go back and look where this company was in January to April and where it is now, it would be impossible to argue the fact that they have been moving forward on almost every aspect of the company. Granted, in some areas such as the SEG website, the company has not moved as fast as many would have liked. Unfortunately, definite and unrealized time expectations built into the stock together with the blood bath on the CDNX techs has meant that the stock price has definitely suffered. Personally, I think the US listing of SEG and CIBT, along with CPT’s new listing (with the IRIX purchase) should give the stock a very nice boost What's your technical take on the stock and how much is out there to impede it's rise? I wouldn't be surprised to see a little resistance in the $1.30-1.35 range from the July-Aug bottom and the overhead moving averages. However the number of shares out and the float are still low so it would only take a medium wave of buying to push it threw those levels. After that the next significant resistance would be Aug high of $1.65 and then $2.40 and then the old highs. Will tax loss selling play a role? From my understanding they are expect to list the subs. in the very early new year. If dates are announce for say early Jan. then I doubt people will sell when the big events are only a few weeks away. However tax loss selling is a weird beast and it is very hard to say. What are they doing to attract the trading volumes it needs to sustain a rise in the share price? I am not sure who the company has lined up for promo. However I would expect the company to be very promotional leading up to the new listings of the subs. That is about all I know on that front.

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