Albert-
I think now is the time to buy. I think we might have a little trouble at $27 or so, but that should be short-lived. Once we get through that minor resistance, the stock will likely revisit $32. This may coincide with Q4 reporting, making the whole TA/FA interaction very interesting. But I think the stock has bottomed and most TA indicators say "BUY."
Based on THQI's history with trendlines and post-oversold rallies, I really think the stock can reach the low $40s sometime in March. After that, the stock will probably pull back to $32 or so. Then, we may see the pre-E3 rally phase to $50 or so, followed by the typical summer selling. After pulling back to the low $40s, THQI may stage a Q3 and Q4 rally lifting it to $60 or so by year end. This is conjecture, and I will probably be wrong on several details, especially because something really interesting always seems to happen to THQI. But the point is that THQI is recovering from an oversold state that happens only a few times per year, and the opportunity is at hand.
Good luck,
Todd |
