Prices for Feb. 25, 1999:
Open: 25 1/8
High: 25 1/2
Low: 21 7/8
Close: 22 1/8
Volume: 1.741 M
Today's Prices:
Open: 23 1/16
High: 25 7/16
Low: 22 7/16
Close: 24
Volume: 1.086M
Price difference between the close of Feb. 25 and today: 2 1/8 (10%).
Volume decreased by 655K shares. Only 1/2 point gain today on very good earnings.
I ask only one question here: What happens if the company fails to "surprise" next time or even more importantly misses the mark?
I do not want to say THQI is a bad investment, but this stock simply has not acted in a ration way, IMO. With such a record day on the NAS, Russell up 2% and with again wonderful numbers, is anybody the least bit suspicious about the price action of the stock over the past few quarters? This can't be blamed on market conditions this time.
I did sell all my remaining position today. Strong fundamentals doesn't seem to factor into the true value of this stock. I'll stated on more than one occasion is stock is worth only what someone is willing to pay for it. Right now, despite 5 STRONG BUYS, there appears to be a lack of real buyers.
The posters here, Jeff, Todd, Marc, and others know more about this company that I do.
Please give me a solid reason to buy back in.
Kelvin
P.S. Before today I too was a member of the 1000(times x) club. |
