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

To: Jean-Robert Grenier who wrote (1090)	3/15/1999 2:28:00 AM
From: SirVinny	Respond to of 1673

Bonjour Jean-Robert, or should I say Bonne nuit, In one of my previous posts I had suggested that IMO a major problem with CGI is that too many shares are held by too few people. This leads to very low daily volumes. I had also mentioned on another post that DAYTRADERS have an ever-increasing impact on stocks in todays' markets (primarily in short term). The impact can at times be positive and other times it can be negative. With the continued strong growth of CGI combined with the stream of $100 million contract announcements, CGI would certainly have been trading at levels much higher than present had Daytraders been attracted to the stock. They would have pushed the stock upward. Unfortunately, these so-called Daytraders stay away from CGI because of its low volume. The 20% sale of BCE to American ownership IMO will have a positive effect on CGI. First of all, as I said previously, it will open new doors for CGI in the US. .... "Nepotism" in business is a way of life. Why give the business to some other company when CGI, of which you own 20%, can do it for you at about the same price. Secondly, I agree with you 10% is not much, but at least it means the possibility that one day it might find its way to the street, resulting in more widely held shares and possibly greater daily volume. ...I leave you with an example. Two years ago I held shares in UTI an American based oil company. The founder and principal shareholder of the company one day decided to sell a substantial portion of his holdings. Within a couple of days, the street reacted by buying the shares and the price of the stock increased nearly 50%. Best regards, SirVinny