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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (9230)1/6/1999 8:16:00 AM
From: Brian MacDonald  Read Replies (1) of 14266
 
Sigmund,

It has always amazed me that a stock with so few shares outstanding, have such a large relative short position(almost 25% of the shares outstanding), and having so small a 'float', can trade so many shares each day. I know - on Nasdaq they are 'double counted'. Still, there has been a huge turnover in the ownership of shares of THQ and this usually means that there are now many new shareholders looking for higher prices. Let's hope that BF doesn't disappoint us.

We'll soon see if the perceived 'tech signal' is accurate. The S&P futures are trading up strongly this morning so we could see a leap this morning in the Nasdaq stocks as well.

Brian
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