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Technology Stocks : THQ,Inc. (THQI)

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To: Roderick Ciferri who wrote (3930)3/12/1998 1:04:00 PM
From: Don Westermeyer  Read Replies (4) of 14266
 
Rod,

I am now short at 22 1/2...Amazing one can be a bull two days ago and now a bear...but, gotta make back my losses somehow..

I'm not sure that is a very good reason to short THQI. The stock's P/E is already less than 20 and all the bad news is already out. Unless you think there is more bad news coming I'd be careful. It may head back into the teens, but I would see it as a pretty good value play at anything below $20. Most of the news out of this company has been good.

I'm not saying to expect tremendous growth out of THQI (although it certainly may happen). But THQI's earnings certainly outperform many investments. IMO there are many better short candidates on the market.

Good luck,
Don

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