THQ,Inc. (THQI) Message Board

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Technology Stocks : THQ,Inc. (THQI)

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To: M. Frank Greiffenstein who wrote (7829)	8/31/1998 6:28:00 PM
From: Sword	Read Replies (2) of 14266

Since I revealed when I bought, I will reveal when I sold. I dumped the THQI that I bought at 13 1/16 at 11 5/8. Ouch! Nevertheless, the decision to cut my losses is the right one. Margin calls will take this market lower during the next few days. In addition, 401K redemptions (I asked around the office; people are pulling out) are going to sock the market as well. I will wait to add to my THQI until later. At the end of the day, INCA sells on THQI went crazy. Whatever institutions were buying in the morning were swamped by selling in the afternoon. This spells trouble and adds evidence to my belief that retirement plans may have a large percentage of THQI stock. 401K and 403K transfers out of growth funds will adversly affect the THQI stock price for the short term regardless of fundamental measures. In a bear market momentum overshadows everything. -Sword

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