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

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To: Sal Pugliese who wrote (966)	1/30/1999 1:16:00 PM
From: Greg R	Read Replies (1) of 1673

Sal - I've kept my mouth shut because people do not like negative comments on these threads. I too had got caught up in the desire to see this stock reach its destiny ASAP and did not want to see what was about to happen. (Fortunately I snapped out of it in time). Based upon the very bearish attitude of the stock (climbing the Lower-Boundary line of the previous bull-set - I know this sounds like an oxymoron to say climbing a bull is bearish, but you have to know INPATHIQUE - its the way it was climbing the bull that was bearish) I cashed in my long positions the day before the annual meeting on anticipation of a small bear trend and bought as many puts as I could justify. Sorry to everyone that hates that word "puts" Your comments about the mutual funds buying in shortly with the influx of RRSP money is reasonable. My INPATHIQUE chart shows the low being mid February. I am not making investment recommendations, but IF I still held GIB.a stock, I would question the wisdom of selling as I see the price being back up to where it is today by early April (inroute to the great things we were expecting). Unless of course you have a charting method to help guide the timing of your short term buy/sell investment decisions. Greg

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