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Gold/Mining/Energy : CGI Group (GIB.A) - -- Ignore unavailable to you. Want to Upgrade?


To: Jean-Robert Grenier who wrote (1498)12/29/1999 6:39:00 AM
From: Greg R  Read Replies (1) | Respond to of 1673
 
When they said it would "Rise Quickly", they weren't kidding.

Without getting into INPATHIQUE analysis in excess, that green arrow is the reason it is rising so fast. It is a reminder to us of where the current apex of the very long term bull is expected (time wise). The stock's price MUST get up and above the Center-line of the bull on or before the current Apex (Well in excess of $100 cdn). If it does, the long term bull continues, if not, a long term bear will kick in. No one believes a bear is in the cards for this stock, therefore it had to and will have to continue to climb and climb fast.

I think the Apex they are suggesting is a little soon. I show it a bit later. They cautioned way back when, that the long term bull on this stock is not accurately predictable due to its length and lack of a previous bear. Thus the inability to be positive of where that current Apex precisely is. Regardless, the stock's price is still too low and a continued climb is a necessity.

Although it will probably stop and take a rest (short) along the way, I believe it will be virtually an impossibility to time your way in and out of the market without being left in the dust.

The US markets have finally taken notice of this stock. Once we get past this Y2K nonsense, look out. Too many companies have put their normal productivity software development on hold till after the new year. The likes of CGI will be in big demand starting Jan 2 and the profit will rise quickly as a result. My two bits worth anyway.

Voluntary disclosure. GIB.a long is my single biggest equity holding.