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Technology Stocks : THQ,Inc. (THQI)

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To: Christopher who wrote (3114)1/18/1998 11:39:00 PM
From: Sigmund  Read Replies (1) of 14266
 
I think you should continue to post. I see this thread and all threads on SI as providing information to investors. No point in only looking at one side of the argument. It is important to be as objective as possible.

This is a very interesting situation. A company that is very strong fundamentally where its strength and run up in price has made it temporarily technically weak. The arguments for a decline make sense to me and yet I found myself compelled to get back into the stock.

Some will take this opportunity to sell or short. Others will want to be onboard because they know the company is a winner and they don't want to be left behind if there is a short term spurt up in anticipation of very good earnings.

Within a short period of time we will know what the correct course of action was. Certainly if it were totally clear cut the market would have already made the move in the correct direction. The fact that it has not means to me that the conclusion of this story is still in doubt.

Its a shame the market isn't open tomorrow. Asia is very strong tonight and if Wall Street were open tomorrow the overall market would probably have been strong. By Monday night Asia may be going down again. We will see.
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