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Technology Stocks : THQ,Inc. (THQI)
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To: Todd D. Wiener who wrote (7006)7/22/1998 12:22:00 PM
From: Marc Newman  Read Replies (2) of 14266
 
Of course the fact that the NASDAQ is down almost 60 points in the last two days might have something to do with our dip today. This price movement/timing reminds me of the sudden worry over Pax delays that brought THQI back down into the thirteens the day of Q3, 1997 earnings. I doubled my position at that point and was rewarded with a close in the mid-fourteens and then a move to the sixteens from the great earnings. Of course a week later we traded at 12 7/8 at the highest point of the Asian hysteria. Very temporary, of course.

TA-wise, am I right in understanding that we could gap up tomorrow to as high as 35 7/8 without creating a gap on the chart, as we did trade at that level today?

Thanks,
Marc
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