Replies to post #6 on CGI HOLDING (fka CGIH)

[shmolton]

Yes, today isn't looking to pretty, especially since I added a nice chunk in the 5.70's the other day, but it looks like it's found a base here. I'm wondering why it's taken so long for them to get approved for the Amex listing. This process has been going on for quite a while now.

[abh3vt]

This is a painful sell-off in the short run, with no visible support until 4.50 (close to the 50 day EMA). I agree with the consensus view here that the stock is still undervalued, but it has moved up from a long base it set in the 2.5 - 3.0 range. Won't be for the faint of heart.....at recent highs around 6.00, the stock was trading at 27x the midrange of expectations for Fy05. It will have to work hard to move beyond the 30x forward valuation, but if any stock could do it, its this one.