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


To: Sal Pugliese who wrote (1160)4/14/1999 9:21:00 AM
From: Greg R  Read Replies (2) | Respond to of 1673
 
Sal - What they said was the $35.50 was to be at the end of April with a higher value prior to that.

I will make one caution on that figure however. It is based upon what I consider to be a poorly defined pattern (called a diamond). It is the pattern seen at the end of the previous bull. This shifts what we call the First X-over of the current bull, forward in time. The end of April date is where I believe that point has been pushed forward to which on INPATHIQUE's chart would require the price to be dropping down to at least that value at that time. Bottom line from an investment point however is that it doesn't matter if you are investing say in August options (my preference). Then, it doesn't matter where the actual pull back occurs. Just go for the ride. It still ends up at the same place.

Just looking at the reaction of any stock however, this April pull back would not be surprising. Run up towards the end of April on speculation around the quarterly results. Then a pull back upon actuals and then pursue the upward direction.

I am glad to see The COZ is also now indicating the big run up starting in May. It fits perfectly. We've got one by the tail here.

Greg