THQ,Inc. (THQI) Message Board

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Technology Stocks : THQ,Inc. (THQI)

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To: Jeff W. who wrote (6135)	6/18/1998 10:28:00 PM
From: Kelvin Taylor	Read Replies (1) of 14266

Jeff- Currently the stock is less than $6 from its 52 week high. If past pricing patterns are any indication there is strong evidence for the stock to meet resistance $30. There have been only 5 times in the last 6 months (12/24/97) THQI has closed @ $30 or higher. The last close at 30 was April 21. One week later the stock was 24 5/8. This of course provided a good buying opportunity. IMO the stock will behave in a similar fashion. Reaching a technical resistance price, then drop back to a base price support level (near 25 1/2) then begin moving up as the earnings report draws closer. I have always found it wise to add to your position in this way. Buy half of what you want after the stock has pulled back from recent daily gains (in this case more than 15% in a week)then add to your position when the stock stabilizes at support level. Kelvin P.S. Did you notice the alliteration in the second line? It just happen to come out that way.

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