Roy,
Please do let us know more. It's great if one can time the market and second guess what will happen to the company next. I know I wish I had that gift.
You will recall that on Thursday night I noted that I agreed with Jeff and that it looked like MACD was about to turn positive - a trader's delight. On Friday morning, despite everything that was going on in the NASDAQ, the stock was up slightly - like EIDSY (at a similar MACD point) and ERTS. When the THQ rally failed, however, traders sold the stock off and it sank below critical short-term resistance points. It tanked late in day and MACD turning negative again.
Was this a one day trading glitch? From my vantage point, it's not good that the rally failed. However, we are headed into very good earnings and, despite the hype you refer to, there are credible analysts who see earnings continuing to grow at 20 % or more for the foreseeable future. That makes the stock a bargain in relative and absolute terms. NO? Perhaps those analysts are all just trying to wish the numbers up there.
Finally, I note from an earlier post of yours, (9586) on Wednesday, Feb 3 1999 8:38AM ET, that you 'DON'T have any position in the stock and sold late last year .... and THOUGHT it was a good
candidate to short .... but changed your mind and wished all Longs the best, etc.
So Roy, is THQ a Buy or a Sell at these levels? And either way, what sort of targets do you see that perhaps we don't?
I look forward to your comments.
Brian |
