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Technology Stocks : THQ,Inc. (THQI)
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To: Marc Newman who wrote (8726)11/25/1998 1:48:00 PM
From: Sigmund  Read Replies (1) of 14266
 
<<<< Could happen but I'd think the houses learned their lesson from watching Wedbush get horribly burned with its downgrade when THQ hit $20 last Nov. Then they had to go back and recommend the stock in the twenties when most of its clients probably got out in the seventeens.<<<

Could easily happen again with Wedbush if they have the same analyst. If he had poor judgement then, I would anticipate similarly poor judgement again. But other analysts will simple raise their price expectations and more importantly see the logic for a higher PE. There may also be additional coverage.
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