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Technology Stocks : THQ,Inc. (THQI)
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To: Richard Spitzer who wrote (2910)1/8/1998 12:26:00 AM
From: Todd D. Wiener  Read Replies (4) of 14266
 
Rich-

First of all, I've seen several people mention the following: Investors who are buying at higher prices are less likely to sell than the "older" shareholders (those with cost bases below $10, for example). I don't agree with this assumption. New shareholders, buying at $22, may be spooked into selling THQI if it drops to $16. Older shareholders, or those with low cost bases, might be more likely to hold onto their shares, if only because they understand THQI better.

I don't think that the "new" investors necessarily have "firmer" hands than the older ones. I don't think it makes much difference either way.

As soon as THQI's standard ~20% correction has run its course, the stock will resume its upward trajectory. It looks as if THQI may be bottoming right now. There seems to be decent support at $20. I suppose we'll see tomorrow. I can't predict the short term action, but I'm confident in the long-term outlook.

Todd
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