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Technology Stocks : THQ,Inc. (THQI)

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To: DAVID BANISTER who wrote (7448)8/5/1998 4:38:00 PM
From: Bleeker  Read Replies (2) of 14266
 
Todd is under no obligation to disclose his day to day trading
activity; that he does suggests a level of openness that few on
the SI board have. I would think that Farrell is wildly bullish
about THQ's prospects also but has in the past taken in gains
and sold a small pecentage of his holdings. In addition there are
a number of variables to consider when selling a favored stock,
including the broader market since stocks don't just trade on
underlying fundamentals but in relation to other companies in the
sector and the economy.

At least Todd--unlike me--has disclosed his last two sales whereas
most of us have not done so as promptly probably. I for one am more
eager to post about my purchases than deal with the stigma of letting
go of a stock because of other reasons than company fundamentals. I
have traded THQ from the $3s as a longer-oriented holder but never
held more than five months at any given time and often held for much
shorter periods.

By the way, the P/E is now closer to 20 if one includes the one-time
charge which typically most companies do when they release their
annual report. That is why the Yahoo site now shows THQ's P/E at 20.
While this does not reflect the underlying growth of the company it's
a more conservative way of reporting earnings and looking at P/E.

Check out the P/E at: quote.yahoo.com

Bleeker
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