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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (7230)7/24/1998 3:43:00 PM
From: CuttotheCore  Read Replies (4) of 14266
 
Very good points. It was what I implied by my reference to never holding the high. With the trading volatility that has come out this year, we are even less likely to go up from a new high.
There was reference to the board earnings estimates becoming the whispernumbers, and I think that may just be the case. I would also suggest that the more nos. we had the less we represented a whispernumber, it probably was always what Todd's no. was anyway.
Regardless, it was a lightening-up event, which was probably enjoyed by all. What about another contest? Since you won or tied or whatever, You set the criteria,

"The only question in my mind now is the right time to buy.",

or trying to pick the low before the split. If we are lucky we may be so accurate that we are able to get all the shorts to put in stops and bounce us right back to new highs.
Altho we punched thru that 20 dma, it certainly looks like that is nearterm support. I would add that I will be surprised if we fall below 29, unless there is a real general collapse (which I believe pham referenced earlier).
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