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


To: Marc Newman who wrote (11949)11/5/1999 4:21:00 PM
From: Brian MacDonald  Read Replies (1) | Respond to of 14266
 
Someone is doing a 'masterful job' of controlling the share price. In the last half hour the stock was systematically 'walked down', in almost all 100 share transactions, from over $42.00 to close just above yesterday's close of $41.00. And this on a Friday afternoon when nobody appears to be noticing. Incidentally, this walk-down brought the market cap to just under $500,000,000. Coincidence or important?

Can the SEC not do anything? Sure looked like price/stock manipulation to me. It's a cheap but successful strategy.

No matter, let the shorts play all they want. I guess we just have to wait for the next bombshell announcement from THQ to attract more buying next week. Too many good things happening to have this company ignored much longer.

Brian