THQ,Inc. (THQI) Message Board

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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (5784)	6/4/1998 6:20:00 PM
From: Marc Newman	Read Replies (2) of 14266

Tomorrow might be a bit of a battleground day between long and short. It's the last trading day of the week and starting Monday attention should turn more fully to Quest and away from Post-E3 price collapse. What I meant by my earlier comment about volume picking up in the last hour but price holding steady was that I'm watching for any signs that this is a sucker's rally. In theory, heavy selling would hit any time THQI makes a move up on light volume but that didn't seem to be happening to me. Volume increased but the price stayed the same. Perhaps we are entering into one of those phases THQI sometimes goes through where it moves up bit by bit for 5-10 trading days in a row. It might make sense given the wariness we all feel right now, plus the scenario of giving pain to the shorts inch by inch while still enticing some to short more. The story about the one MM shorting RADAF reminds me of Jim Cramer's early days with his hedge fund when he decided a stock was overpriced and going down so he shorted a bunch. It went up more. So he shorted more. Soon he was shorting blocks every point it went up. He finally got desperate and called his wife asking her for her take on the stock. She said word was that a stupid hedge fund guy was shorting tons of it and the big players were going to put him out of business. My point is that sometimes firms make big mistakes. Perhaps O'Reilly had made one just before THQI Q1 earnings but was able to escape alive. And perhaps it is going on with RADAF right now. As Bleeker said, there are other players who want THQI to go up. They have their own money and clients' money in THQI. At some point (perhaps it was Tuesday, where the real battleground was between $20 and $20 1/2) there is more opportunistic money to be made by THQI going up than THQI going down and the MMs/big money will have it rolling the other direction. Harry, thanks for the Saga update. There's a lot of restless energy on the AOL board right now and some weekend channel checks might be just the ticket. Bleeker, you are sounding more bullish. Buy any today? Marc

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