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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (8399)11/2/1998 6:21:00 PM
From: Brian H.  Read Replies (2) of 14266
 
Sigmund,

$25 has no meaning from a technical perspective as far as THQI is concern. What is very important from a Technical indicator is THQI's High of $24. A break above that should send THQI up a few points and then I would expect some type of trading range to establish.

One thing to keep in mind, BF stated that he expects THQI to do 1.90 EPS for FY 99 and grow at 20%. With that said, we have THQI trading at a 12.5 PE for FY 99 earnings. A PE of 20 is not out of the ordinary with 20% growth.

Any Mid to Long term investor still has a lot of upside potential. The short term trader, well who can say for sure. I have been in this stock since it was trading at $3.25 pre-split. It has been a true gem in the rough. I wish everyone the luck I have had with this darling!

Brian H
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