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Technology Stocks : THQ,Inc. (THQI)

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To: Marc Newman who wrote (11699)9/28/1999 7:25:00 PM
From: Brian MacDonald   of 14266
 
Marc,

I guess today everyone was focused on ERTS - +5 1/2. There was real strength in our stock all day, however, as nobody seemed to want to sell - even when the NASDAQ was down almost 60 points. Volume dried up to the point that the bid had to be above the previous trade just to try and get some action and many times the bid/ask was a 'pro' spread of 3/8ths. Finally, THQI responded favourably with the market when it began to recover and it closed up on the day - albeit only an 1/8th. Looks like we are headed much, much higher if this is any indication of things to come - also taking into account the huge short position that needs to be covered at some point.

Brian
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