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

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To: Sal Pugliese who wrote (966)2/2/1999 6:57:00 PM
From: claud_c  Read Replies (1) of 1673
 
Sal,

I've just recently joined the SI discussion group, but I've been following postings on this thread as a passive reader since June. The CGI saga has kept me reading your comments and others with great interest. I find Gregg R's views on INPATHIQUE quite stimulating. My knowledge of this divinatory science is absent but I can still value its above-average accuracy.

The CGI nail-biting ride has shown it all. Daily announcements last spring into summer, splits, acquisitions, outstanding reports followed by fall's hellish ride. CGI's mutism during the storm did not help the troop's morale but finally hope returned in December with rumors of a US acquisition and a possible split. Serge Godin did not deliver the merchandise at CGI's annual meeting and it seems that this may have forced this train to come to a brutal halt.

How do you interpret this? Wounds from fall's setback are still fresh for many and risk tolerance levels are thinner today. Is CGI victim of investor impatience? Was the recent run a quick fix for fast trade investors who are now bailing out? Some rumors say that low priced CGI stocks would facilitate an acquisition deal in the US. If this were true, wouldn't this be a good enough reason to hang on?

Regards,

Claud_C
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