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Technology Stocks : THQ,Inc. (THQI)
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To: RealMuLan who wrote (3921)3/12/1998 11:17:00 AM
From: Dave Hanson  Read Replies (2) of 14266
 
Thanks for the info Yiwu. I'm no technician, but I must confess a bit of skepticism about the utility of technical analysis in this kind of special situation. When lulls in trading for THQI occour, they seem to have little to do with the various "support levels." Moreover, there's been so much change in both the "real" and the perceived fundamentals inside of three weeks, at a time when the broader markets themselves are wracked with uncertainty.

If I had to guess, I'd say that the huge haircut in THQI has to do mostly with these various contributors to uncertainty--more a psychological condition where fear outstrips greed than a technical one.

Thoughts welcome.
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