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

To: Robert G. Harrell who wrote (13156)	2/10/2000 12:15:00 AM
From: Raymond James Norris	Read Replies (1) \| Respond to of 14266

Roger, Is the analysis below the chart you posted worth nothing? Is this your analysis or someone else's? This is my analysis, not anyone else's. That was done in early 1999. The site is currently closed but to give readers a visual perception, I posted the chart. I don't doubt the strong fundamentals but the chart is telling something else... Also, are you saying that if someone sells a couple hundred thousand shares short it doesn't suppress the price? No, I'm saying that the total decline was not caused by a bunch of shorts getting together to conspire against THQI. Institutions are selling the stock. If so, a heavy short selling campaign would seem to be a fundamental event that would influence the interpretation of the trend line. Just as a loss of a contract would be a fundamental event which would depress the stock price. But, regardless of the cause, a strong company with strong earnings would have the buying support to stop the stock from falling below a long term support line. Bulls have weakened. They were able to raise prices for the past 5 years at an annual rate of 115%. Now that support line has broken meaning bulls are weaker than they used to be. Conservatively Yours, Raymond J. Norris