RE: Sold yesterday - TopofMindT of M,
I'm sorry to hear that you sold yesterday. I picked up another 20K or so more (maybe some of yours I regret to say). I was also the first trade of the day today at $10.50 today, but of course that was an easy one to pick.
I agree with you that the strong loonie is a significant headwind and a challenge that will have to be overcome by CGI in quarters ahead.
Strangely enough, one of the biggest factors in CGI's future performance is the price of oil. Strange, huh?
If the price of oil doesn't drop, then the loonie stays strong. If the loonie stays at $0.90 (or higher) we're gonna have some problems.
On the flip-side of this, US acquisitions become "cheaper", so I guess now might be a good time to make some big purchases down south.
- Surge.