Misc. thoughts brought on by reading today's posts--
I expected some further PR today or early next week. I think this Rugrats "news" was ready to go out whether it was needed to keep the price going or stop it from falling. Farrell probably figured the stock would be going up yesterday, not down.
As far as bid/ask, a higher bid size is bullish. The ask is the number of shares for sale at that price. Obviously if this number is larger, the market is skewed more towards selling. Of course this is all on a tick-by-tick basis, so it's not that reliable. Say there is a bid of 4(00) at 20 9/16 and an ask of 10(00) at 20 11/16. Not positive. Yet if someone sells 400 shares at the market the 9/16 bid could drop off to reveal a very large bid at 20 1/2 which would be give a more positive outlook for the next tick.
THQ was given some respect last February, right before earnings with that PE in the 30s. Of course, that reflected big sales that hadn't been officially released yet. But Trippi is right, the company never gets real respect. It would help if Mr. Halpern would actually mention THQ next time he's on CNBC. It never fails, an analyst who covers THQ goes on CNBC and mentions other stocks instead. Like AKLM.
Haines adds perspective when he points out that in every year there's a worry about how THQ will replace revenues from its biggest game. It happened with the old BASS game, it happened with the summer olympics game, Toy Story Gameboy ...
What investors seem to be failing to understand is that THQ has the sheer volume of quality releases to overcome any drop-off in wrestling income. It may be a hassle to keep track of the passel, but worth it.
Marc |
