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

To: airborn who wrote (659)	8/27/1998 9:35:00 AM
From: toccodolce	Read Replies (1) \| Respond to of 1673

Hi Airborn, The stock is down $3.25 to $21.00 Ouch!!! Tom...

To: airborn who wrote (659)	8/30/1998 10:21:00 PM
From: BM	Respond to of 1673

Hi airborn, when investors get scared, they bail out of anything regardless of the fundamentals of the company - even those with no exposure to Asia or Russia. That's just the way it is and investors have to plan their strategy around that - you have to learn to take advantage of it (e.g. sell short) or take out insurance (e.g. put options) rather than fight it. Having said that, all high P/E companies such as CGI had to be vulnerable so a decline was inevitable whenever investor confidence was put to the test, which it now is. As you know, CGI has one of the most outstanding fundamentals going for it and if you've invested for the long term, there is no need for concern over a temporary pull back. But no question it's difficult for anyone to focus on the long term fundamentals when the short term market is so volatile and the press (who are in the business of selling papers) are putting out scary headlines.