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Technology Stocks : THQ,Inc. (THQI)
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To: AreWeThereYet who wrote (3071)1/15/1998 11:13:00 PM
From: Bleeker  Read Replies (1) of 14266
 
Andy, even today. Volume was under the daily average.
Take a look at the size of the trades. For the most
part they are lots of 1,000 or under: hardly a sign of
institutional buying or selling.

Today's drop does not seem thqi specific. It's more market
specific: there is clearly anxiety about the sustainability
of earnings expansion in 1998 (and I'm not refering to thqi
here.) The Pacific Rim is no longer ambient noise (so every
one keeps on saying). And sentiment swings from day to day.
In this climate and with no thqi news, it is to be expected
that the stock move more in step with its sector and the
overall market, at least until earnings validate once again
how different thqi is from other game companies. To me, all
this market uncertainty has opened a window to do more buying.
I'd like to reach out more, but once again I'd like to make
the sellers come down for it.

Keep in mind that the Street's Q4 earnings estimate has been
moving higher at the same time that the stock has been moving
lower. There may be another bout of market (or technical)
related selling, but the upshot is this: the pressure for a
stronger upside move is being built. I'll keep the thread
posted on the hedge fund's Q4 earnings estimate as we get
closer to the release date.

cheers,
Bleeker
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