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Technology Stocks : THQ,Inc. (THQI)

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To: Marc Newman who wrote (8896)12/7/1998 5:30:00 PM
From: Brian MacDonald  Read Replies (2) of 14266
 
Marc,

We hit an all-time high today and closed at an all-time high of 29 7/8ths.
See: quote.com

The chart looks very positive and, as the days roll on, the shorts have fewer and fewer days to cover their position and take their loss for this year. Hence, momentum is still to the upside - especially with management saying that THQ will beat last year's numbers for the 4th quarter. The next interim objective looks like just over $32.50 and it should happen in the next few days - if I read the chart correctly.

Brian
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