Carnegie Group(CGIX)-hidden gem? Message Board

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Technology Stocks : Carnegie Group(CGIX)-hidden gem?

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To: Marie Hsu who wrote (92)	4/26/1996 12:52:00 PM
From: bill small	of 144

Marie, its got to be that some institutional investors have been modest buyers of CGIX. Do you see block sizes? I don't. Suspect small chunks of maybe 5000 to 10000 share over several days. Small mutual funds do this and often hold positions of 50,000 shares or so. If true, this would bode well for CGIX since they usually hold till company fundamentals change. Assuming they reach estimates (and I strongly suspect recent rise in shares indicates they will) the target I see is $17 or so as projected by analysts. I would expect sharp stock moves because float not great. But with some sharp corrections along the way since if this scenario proves true, the momentum traders will pick it up on their screens and look for vey short term trades. After this volatility settles down, stock can live in peace as it has last few months. As company proves itself a 30% or better grower as analysts project, PE shold expand to 30 or more. I would expect mid $20s by year end if this happens, IF software type stocks stay popular as they are now. I haven't proven to be nimble trader so will just hang in there. Your thoughts? Bill

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