To JGreg and Craig,
JGreg, I would have to characterize the AOL board as pretty much still "on message." THQ is a great company. THQ is still undervalued. THQ and Farrell will find a way to show growth despite the loss of WCW. (As I've said, I think the first three quarters of 1999 are in the bag and the fourth quarter will likely be set by E3.)
I think the average expectation over there is that THQI closes the year in the low-thirties. Right now the debate seems to be whether Rugrats has sold 500,000 copies or a million. I'm starting to think it has passed 500,000 easy. Why? Because NWO did about 500,000 last year despite being sold out by mid-December. Rugrats has a bigger ad campaign, a much larger installed base, much better availability at this late date, and a lot of great anecdotal reports about sales. I don't remember NWO doing 300-500 copies at some stores last year.
Oh yeah, Watcher got his ass roundly kicked over on the AOL board too. :)
Craig, THQI had a lot of momentum a few weeks ago. I was making money trading it each day. But now it is quiet which is the kind of rotation one wants. Take profits in other stocks, move it into THQI, which has corrected 15%. Buying internet stocks is pretty much gambling, not investing. Here's something to think about. I think you said last week that your results had been pretty bad year-to-date. Well, I think most of the prolific posters on the AOL board are up 100% or more, YTD. Without having to trade their asses off. And a high portfolio concentration in THQI, with some margin, is the reason why they've done so well.
Marc |
