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


To: Jean-Robert Grenier who wrote (690)9/2/1998 12:26:00 PM
From: Luc Glinas  Read Replies (1) | Respond to of 1673
 
Bonjour Jean-Robert

I am curious to know the impathique chart target

Luc



To: Jean-Robert Grenier who wrote (690)9/2/1998 12:36:00 PM
From: BM  Read Replies (2) | Respond to of 1673
 
Good news, indifferent(?) news

The good - in an featured article on the potential bear market, the current issue of Canadian Business (arrived in yesterday's mail, so may not be on newsstands yet) says that if you want to stay with equities, stay with the very best. CGI Group and Nortel are two of the five stocks mentioned.

The indifferent (judging by today's rise) - today's Financial Post and Southam papers carries reports on insider sales. It mentions that CGI director Andre Nadeau sold a large part of his holdings (about 90%) in June and July at prices $26-33. I guess he recognized a general market top when he saw one - we should all be that smart!



To: Jean-Robert Grenier who wrote (690)9/2/1998 4:36:00 PM
From: Greg R  Read Replies (1) | Respond to of 1673
 
Jean-Robert - If you had been watching your own INPATHIQUE charts, you would have known to sell on August 3.

Can the markets be predicted for an infinite distance into the future. Of course not. That is why you have your own INPATHIQUE charts and update them once and awhile. If you really are a buy and hold type, then you do not need INPATHIQUE Analysis. Personally, I prefer to buy when the expectation is up and sell when it is down rather that just hold for ever.

To be fair, INPATHIQUE warned that on CGI, because there had only been one long bull-run and they need three bear/bull combinations for accuracy, that there was an above average opportunity for error. Granted, if you have not learned INPATHIQUE Analysis, you do not appreciate why that is important.

It should be noted they have not retracted the projection (appears very unlikely to me that it can be achieved now) even with the stifled bear that CGI has followed like most stocks over the last couple of months, including IBM.

Being just one long major bull for this stock, it is extremely difficult to predict exactly where the bull ends, although it increasingly looks like the apex is year end. However, under the rules of INPATHIQUE Analysis, IF the stock's price can get above the Center-line of the Bull-set prior to then, the bull will continue for quite a while yet (late summer 1999). Don't hold your breath.

If I had to go away tomorrow and could not watch my INPATHIQUE charts, I would say to my broker, buy GIB.A on September 25 at market. Since I will be here however to monitor my charts, I will probably see something that will allow me to buy back in at a better price.

Greg