<<Far be it from me to suggest anyone do as I do or what I do.>>
That goes for me too, at least in this case. When I mentioned being cute, I was referring to myself. I agree that the stock was looking a bit weak, but it's too much for me to sell and be up at 6:30 every day and watching every tick, waiting to get back in. When I'm sure the price will be higher in two weeks. Ie the odds are with being long.
I guess my question about your indicators was whether you override them if you know good FA news is coming up or the whole sector is doing well?
THQ is sponsoring the US Open of Motocross this weekend. Then on the 17th or 18th the Morgan Keegan investment conference starts--THQ will be presenting. Then we have Q3 earnings, always the beginning of the strong part of the year. The next week is the Bear Stearns media (and entertainment?) conference (thanks, Vic) and we can only hope that Bear will finally initiate coverage.
Of course there are some good games to be released this month too.
My feeling is that all dips are being bought in force and that there are too many shorts caught leaning the wrong way which will mitigate any dip even further. I find it hard to believe I'm going to get the chance I got the week before earnings week last year when I put 180% of my port. into THQ in the thirteens and fourteens.
OTOH, Todd, if you say we are going to get a chance to buy Dec. 35s for $3 sometime this month, I'll be happy with that! Btw, expect a 3-2 split, not 2-1. Unless the stock really takes off in the next two weeks.
But if it did split 2-1 I think we'd run up to $30 ($60) in December. Of course, that's what I think anyway, split or no.
Marc |
