THQ,Inc. (THQI) Message Board

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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (3117)	1/19/1998 2:01:00 AM
From: Christopher	Read Replies (1) of 14266

Sigmund, Very good reasoning. What I have discussed in my TA memo is a worst case senario. I was more interrested in educating people then scaring them. I discussed neckline, trendline, and so forth. I for one will not short THQ. The worst senario I described would happen easily to a company that has very poor FA and earnings. I mentioned in my memo that THQ will have to go down to $18.00 for the neckline to be broken which means then that it could go down to $15.50 (it does not have to go all the way down to $15.50. It is a worst case senario). The whole senario is a worst case senario and could be a good buying oppurtunity. Do I personnaly beleive that THQ is going down to $18.00. The answer is no. I don't. But if you are wondering why some people are shorting THQ it is because the downtrend was broken and H & S is forming. However, many stocks turn right back up after these event and continue there uptrend very strong. TA can change over night. If there a stock that can do that then it is THQ. No one can fool me or you into thinking that THQ is not very strong. All stocks experience temporary set backs and that is normal. I beleive Todd when he says that THQ will be $30 two months from now. In conclusion, don't panic. THQ is one of the strongest stocks on the market in my opinion. Anything will be very short lived and that is if it happens. The worst case seniario I described would happen to a very weak stock with poor FA and earnings. It was intended as educational more then anything else and to let you know why some people may short THQ. To short THQ you will have to be very oblivious to its FA and how a strong a stock it is in my opinion. Any set back will be very short lived but I personnaly beleive that THQ is not going to hit $18.00 but will go forward from here to $20 and above. If THQ get to $18.00 I will be the first one to buy because I know it will be comming right back to $30 in two months but I don't think I am going to be that lucky. Many people on this thread including myself know that when THQ went down in price it was only a buying oppurtunity because THQ came right back up in no time and this is because of THQ strong FA which everyone knows. Always remember: FA makes the TA and not the other way arround. You know that FA are good so the long term for THQ is just peachy!! You can take a risk and short THQ I know I won't.

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