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Technology Stocks : THQ,Inc. (THQI)
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To: Todd D. Wiener who wrote (3319)2/8/1998 4:30:00 PM
From: AreWeThereYet  Read Replies (1) of 14266
 
Todd,

I guess we view "support" differently. The reason why I said THQI has been supported by its 50 DMA nicely because since late April after THQI broke its 50DMA, the price never fell below +/-10% of its 50DMA line. The worst is less than -8% of 50DMA occured in mid-August. I interpreted this as THQI becomes very attractive when it is around 50DMA and will not fall much further. The 50DMA also supported well in Oct 28 crash. OTOH, THQI had said goodbye to 100DMA since Auguest and never look back. Hopefully the double bottom will not make it test the 100DMA again. Long term I am very bullish but I still don't like to see it testing 50 or 100DMA in short term, especially I don't have much room left in my margin account.

aC
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