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Technology Stocks : THQ,Inc. (THQI)

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To: Kelvin Taylor who wrote (7222)7/24/1998 12:39:00 PM
From: Joe Casey  Read Replies (1) of 14266
 
"Tech stocks slump; Internets lose steam

By Binti T. Harvey, CBS MarketWatch
Last Update: 7:56 AM ET Jul 24, 1998 Also: Market Snapshot

NEW YORK (CBS.MW) --ÿTechnology stocks fell Friday, pressured by deteriorating Internet stocks deteriorated and renewed concern about earnings."

That's funny...no earnings concern here for THQ, and yet THQ is one of the biggest losers out there, down more than 8%. You gotta love this stock for its uncanny ability to generate both strong earnings and super strong headaches. The only thing I can think of now is that the short interest figure coming out on Monday will trigger short covering and renewed upward momentum like we saw when May figures came out.

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