Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Fitzgerald who wrote (11102)	6/24/1999 9:24:00 PM
From: JEFFREY S. FENDER	Read Replies (1) \| Respond to of 14266

Why would a short cover over and above the offer price? He could just wait and un(short)-tender his shares to the company buying THQ. Only a stupid person would pay more. The only thing that gets a stock over and above an offer price is when shareholders believe the company is worth more so they buy the stock up higher.

To: Jim Fitzgerald who wrote (11102)	6/24/1999 10:01:00 PM
From: AreWeThereYet	Read Replies (2) \| Respond to of 14266

Jim, smart long-term shorts probaly bought call options to protect their "short"s. Unless there is a bidding war on THQI, the market price rarely move above offer price. Supply of THQI share will increase as stock approach offer price, there won't be any problem for the shorts to cover. A short squeeze will occur if there is a take-over "rumor", since the offer price is not disclosed (may not be true at all), so the panic shorters will buy at market to drive the price to sky. Basically short squeeze will take place when the shorters believe the stock price will go a lot higher than their entry price. aC