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

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To: The Coz who wrote (1153)	4/12/1999 10:31:00 AM
From: Greg R	Read Replies (1) of 1673

The Coz - the "pathetic" chart, as you called it apparently indicates a price of only $35.50 at the end of April, more in keeping with what you are suggesting. It should also be noted that they lifted the short projection on the stock, but have not yet initiated a long projection. The following comment was taken from the public projections site ( members.home.net ) Watch for a long projection to be called on this stock somewhere in the period April 12 to April 15. The chart's clues anticipated an intraday low of $26.50 on April 15. When a stock's price hits such a position on an INPATHIQUE chart, a company invariable brings out some news that causes it to sharpy move up. However, in this case, the intraday low of $29 on April 8 caused the release of encouraging news causing the price to spike up a full one week early. Since it stopped right at the old bear's Upper-boundary line and since a stock will frequently follow that line downwards for 3 to 5 days, the decline may yet not be over. Hence the hesitation in making a long projection call just yet. The chart indicates a price of $35.50 April 30 with a higher price being reached prior to then. Greg

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