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Technology Stocks : THQ,Inc. (THQI)

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To: Marc Newman who wrote (4642)4/17/1998 12:53:00 PM
From: Bleeker  Read Replies (1) of 14266
 
Ditto. Exactly at 26 7/8. I also have some limit orders in. Marc, I
spoke with Lin, the Wedbush Morgan analyst, this morning. I will post
my notes over the weekend. I am starting to respect this guy more and
more: he's not a kiss ass and somewhat of a contrarian. I know we all
bashed him last Fall. But it took guts for him to downgrade THQI when
sentiment was so positive. Now he upgraded THQI when sentiment is very
mixed (plenty of short sellers on the Yahoo message board and look
at where THQI's P/E is now compared to last Fall: 19.8 vs. over 30. This
at a time when THQI's earnings are much higher.) I wanted too see
what prompted the Wedbush change. More later.

P.S. Andrew, you mentioned averaging down. What about averaging up!

Think Apple, Think Different:
Bleeker
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