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Technology Stocks : THQ,Inc. (THQI)

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To: Todd N. Weisrock who wrote (2895)1/5/1998 10:04:00 PM
From: Marc Newman  Read Replies (1) of 14266
 
Todd, I saw it more your way than Bleeker's way. I don't think that we are at a level that will scare off long-term investors but do think we're seeing the opposite of tax-loss selling with this one. Of course we could also be seeing people like us who now have somewhat of a feel for the stock selling some because we think others will too and then can buy in lower. I can already buy 1.5 points lower than I sold for on Wed., for instance.

We'll see (and I won't be surprised if we do go back down to 20 1/4 temporarily) but I do think we'll see a run-up before earnings and don't think our 52-wk high will be $23 three weeks from now.

Any other thoughts on near-term price action, say for the next month?

Marc
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