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


To: JEFFREY S. FENDER who wrote (12391)12/16/1999 1:10:00 PM
From: MikeD  Read Replies (1) | Respond to of 14266
 
I wouldn't use my actions to justify your position. I've been a long term holder of THQI. I do my own DD. I often buy on what I consider dips, and if my decision happens to coincide with the analysis of someone who's opinions I respect, so be it.

Todds price and my decision really just happened to coincide today. I bought largely based on the recent action and what I felt was an acceptable 'bottom' for me.

Why is it that you think we're all lemmings here hanging on every word someone like Todd says. The only way that would work for someone is if they got lucky. Not doing your own DD and basing your decisions only on what someone else says is foolhardy and I don't think as many people make their decisions that way as you think, at least not here.



To: JEFFREY S. FENDER who wrote (12391)12/16/1999 1:49:00 PM
From: Richard Spitzer  Respond to of 14266
 
Jeffrey

I've think you've stated your opinion. I don't agree. Anyone with a ruler could see that THQ was overextended on the long range chart. Todd gave two predictions. One, that we might enter a new trading pattern at a higher P/E, with resistance around 72 pre-split (if I recall?). Second, that we might retrace to support at 31 (post-split). So you're saying that the market was swayed by his second analysis, and ignored his first?

All the BB pleas, predictions, and TA analyses, either long or short, aren't going to keep a stock from correcting if the "market" senses that it's time to correct. We're all little fish here. We don't influence the price.

Now I don't like losing 25% either. (And my Dec 40 Calls don't look too good <g>). But it seems to me that if a) you don't have options, and b) you aren't in jeopardy of a margin call, than it's time to either buy more or take a deep breath and relax.

Rich