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

To: Jeff Bond who wrote (13001)	2/5/2000 5:51:00 PM
From: Kory	Read Replies (3) \| Respond to of 14266

"Much like free agency in sports has ruined the concept of "team dynasty", so has recent market volatility and trading ruined the concept of "long-term investing". It is a shame ... unfortunately, it is also a reality. Doing the T/A is going to become fundamentally more important to the investor that wishes to maximize his profits while minimizing his risk. I encourage all THQI investors to do their T/A, whatever level they may master will assist more than doing none at all." _____ With respect Jeff, I very much disagree. Companies either earn there way into there valuations or they don't. All the TA in the world will never save a company that loses money and goes bankrupt. And eventually stock prices will rise if earnings, intrinsic cash, book value, and dividends exceed the stock price. Just because a bunch of people don't invest on fundamental business and monetary rules, does not mean they are gone. The true money on THQ is made or lost when the business succeeds or fails. If you are short term investing - whether it is long or short - you are playing a zero-sum game where every winner has a loser. Frankly I don't care who wins that game, and stock market fluctuations do not indicate who has won. Long term business performance will. I compare it to grain futures. The farmer is the one creating actual wealth, and the consuming public is the beneficiary. Meanwhile, a lot of money is made and lost betting on the price direction of those crops in the futures markets. I'm sure there are people that look at the gains and losses in the futures and say "That is the real thing". Insofar as gambling is real and there are always winner and losers, futures and stock market fluctuation are "real". But they simply don't exist without businesses to back them up. So I'll stick with company investing, and leave that other "game" to those who play it well. But please don't say that the real business is a eliminated concept. Kory