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

To: rogermci® who wrote (11647)	9/20/1999 6:36:00 PM
From: Apakhabar	Respond to of 14266

Sigmund, I saw a lot of sell orders piling up over $40 today, but I wouldn't advise anyone to sell unless they are awfully nimble at getting back on the dips. Of course the stock will see some resistance at 40-- who here hadn't thought at some point this year, "Gee, if only we'd get to 40 I'd be happy..." ? As the stock has moved up this past week I saw lots of resistance at certain points but the constant chipping away just had the sellers cancelling their offers and retreating. It was pretty fun to watch. I admit to getting a special thrill when Wedbush lifts and resettles a point or so up. Although I have been daytrading for most of this year and am, I hope, quite sensitive to short term blips, I still think the best way to profit from THQI is to see the big picture, which is that the stock is a second half of the year dynamo, and is currently in a big uptrend. Because the stock gets manipulated it is easy to get discouraged at times and sell it in disgust. Probably the majority of the regulars on this board have done that at least once (I know I have). But the big picture says it's undervalued as long as that trailing PE is under 30, the growth rate stays at 30% + and Farrell stays in charge. There's nothing wrong with taking some profits soon--we're only six months ahead of when we sold for $16 share--although it might be more advisable to simply buy a couple of puts for security and let this winner run and revaluate after the results of the first WWF game.