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Technology Stocks : THQ,Inc. (THQI)

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To: Sword who wrote (7838)9/1/1998 9:16:00 AM
From: Dave Hanson  Read Replies (1) of 14266
 
Good to see you back, Sword. Good post--I've not yet shorted stocks, but I think this market offers a good argument for selective shorting as a hedge, especially if one isn't too sophisticated about options strategies and/or doesn't have ready access to good options executions (I'm in both camps.) Glad that your shorting helped ease the pain.

I unloaded 1/3 of my non-IRA position at 28 1/4 pre-split a few weeks back, but otherwise have been carrying THQI all the way down. (Unfortunately, I just got back into town last Friday, and couldn't easily trade while on vacation.) Since it's far and away my largest position, my losses are pretty massive.

It'll be interesting to see when the panicking stops. I'm reluctant to sell at these levels, but it's certainly easy to see it spasming lower. Can't say I ever thought I'd see us break 20 pre-split again, esp after the private placement was cancelled.

Regards,

Dave
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