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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (3308)2/6/1998 5:24:00 PM
From: Raymond James Norris  Read Replies (1) of 14266
 
Well, not to squash anyone's dreams on THQI or any other stock for that matter, but it's commonly known that the majority of cup and handles fail. It's becoming more prudent to only buy after the breakout and wait for a test of support.

But, it's so risky to purchase a stock before the cup and handle is even finished and "bank" on the breakout executing. The odds are at least 3:1 against you. Cup and Handles arent as popular as they once were......

OTOH, I didn't think you gave much weight to TA Sigmund. What made the change of heart??

Conservatively Yours,
Raymond J. Norris
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