THQ,Inc. (THQI) Message Board

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Technology Stocks : THQ,Inc. (THQI)

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To: Vince who wrote (2669)	12/22/1997 7:40:00 PM
From: Richard Spitzer	Read Replies (2) of 14266

Vince and others - There was a discussion back in June as to how THQI stood up to a CANSLIM analysis (Reference William O'Neil's book). One thing O'Neil states is that the time to buy a stock is when it is "close to or actually making a new high in price after undergoing a price correction and consolidation." FWIW, I did a ten minute analysis of this statement on the 1997 II Magic 25 stocks. Basically, I looked at the 1996 charts. Of the 25, 13 had uptrends in 1996 and 7 had downtrends (five were inconclusive). Of the 13 up ones, 9 had gains in 1997 and 4 went down. Of the 7 downtrends, 2 went up and 5 continued down. So on the surface, there appears to be madness to O'Neil's method. You might want to consider this and O'Neil's other ideas when you make your selection(s). Does anyone else have thoughts, pro or con, regarding O'Neil's book? Rich

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