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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (12739)1/19/2000 8:14:00 PM
From: Mr. Aloha  Read Replies (2) of 14266
 
Taken from the Worden Brothers software trading manual -

BOP is a marvelous indicator. But it doesn't tell you whether a stock will go up or down. By itself, it can hardly be described as a pinpoint timing indicator. What it tells you is whether the underyling action is characterized by systematic buying (accumulation) or systematic selling (distribution). This is exactly what I designed it to be.

They ALWAYS heavily factor in the BOP when looking at the stock. It's not the direction of the price, it's how positive or negative the indicator is, among other items.

The Worden Brothers consist of 3 brothers and their father. The father started collecting information on the market in the late 50s. His reports and indicators became famous, one of the first.

The BOP is his own creation and is only ONE tool.

Like I said, I was surprised to see the indicator turn green a week ago and it has been green each day since. The unusual thing is that the price was been going down. That's why I believe there's a good amount of short covering. It may be that the MM's are dropping the price on small trades at the bid and covering with larger trades at the ask. I don't know.

I've used their software for years. He won't explain the indicator and it's copyrighted. I have always enjoyed it.

I'm excited about THQI since I went digging the other day. I didn't know how big SmackDown was going to be - I don't play games.

I'm buying more soon.
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