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Technology Stocks : THQ,Inc. (THQI)

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To: AreWeThereYet who wrote (6413)6/26/1998 11:25:00 AM
From: Brian MacDonald  Read Replies (1) of 14266
 
Andy,

The MindSpring situation was provided only as an example. Look how tight the stock is today, only 29,000 shares at 11:15 AM. For almost an hour it had traded only 9,000 shares.

This is not the sort of trading that institutions require to get in and out in any sizeable way. If there were 30 to 50 million shares out there, trading the stock would be alot easier for institutional investors.

We all know that THQ is cheap by almost any present market measures. Still, it hasn't broken out above it's spiked high after the last earnings report. I think that the 'float' out there has alot to do with that.

Since I've been in THQ for a long time, I'm very satisfied with the investment todate. I just think that in order to realize the company's true potential on the market we need more shares out there - without dilution (i.e. issuing more).

Anyway, it's moot. What will happen with the price, happens.

With such low volume on the flat to downside, I think that the next significant move will be on the upside from here.

Brian
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