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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions
COGI 4.550+8.3%Jul 18 5:00 PM EST

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To: Risky Business who wrote (452)7/29/1998 4:40:00 AM
From: Kevin Michael  Read Replies (1) of 843
 
Thanks for this info; however, it would have been more reassuring if COG would have traded up today also(it did for part of the day). Hopefully COG will catch up with COGIF tomorrow. Let's hope for a push up tomorrow before the earnings release and a big jump on Thursday. By the way, taking the current volatile market into effect, what is your 52-week price target for COGIF? I am not sure how long I will stick with COGIF (nothing against the company), but foreign stocks kinda scare me. I also own CRYSF, an Israeli IT and Y2k company and hate the volatility and market values of most of these companies compared to their American counterparts (e.g. Checkpoint and Formula Systems Group would be trading at much higher prices if they were American companies-- maybe the only issue is that they are Israeli stocks) I realize that many foreign country stocks trade at a premium on our market, but they are industry leaders (e.g. Ericson & Sony) Besides it seems like most stocks (besides industry leaders) are very short term investments and there prices dwindle back down to pre-good news prices shortly after the good news. I really don't like the market right now, because everyone is buying all of these damn blue chip stocks and ignoring the little guys. If investors shifted their money into the small caps the market wouldn't be so scary right now (advanced/decline ratio has been bad and has analysts worried) The Russell 2000 is at a loss for this year; are these company's not generating good revenues and increasing profits? I really don't know but hope changes start to occur soon. Everyone is saying that there are values in the small-caps so why don't people start putting their damn money there? I don't think the valuations are good with the big boys right now. Hopefully investors will shift their investments to rapidly growing companies like Cognicase instead of "sticking" with the blue chips. Looks like this won't happen anytime soon, though.

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