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

To: Emmo who wrote (13162)	2/10/2000 1:55:00 AM
From: Mr. Aloha	Respond to of 14266

Regarding Insider Selling.. Everyone does it... You should see Microsoft's... ERTS biz.yahoo.com AVTI biz.yahoo.com Selling after late December has always paid off short-term in these cyclical stocks. I have an order at $16.56 tomorrow. Do you think we can slam down and return up to close the day strong? I think $16.56 is too low even for more panic selling but I don't want to get up at 4:30am to see what happens. I don't think THQI will stay down very long and this looks like a good opportunity. Quote... "Your investment lifetime will include a number of market panics. How you act during those extraordinary periods will exert a major influence on your eventual total wealth. Although brief, price panics have lasting financial effect: Ego usually prevents people from reversing themselves rapidly. Once you sell in a panic, it is very unlikely you'll think clearly enough, very shortly thereafter, to buy back in near the lows. Instead, you'll be on the sidelines a fairly long while, recovering your courage to be able to buy again. Your emotional healing process will be enhanced by a return of rising prices, which gradually will win you over. Most who sell near a bottom fail to reenter until well toward the next top. Selling during a panic costs you money in two ways: 1.What you sell will be sold low, possibly below its cost and certainly at a loss compared with its earlier prices. 2.You'll be in cash during much of the market's ensuing rise, thus missing significant gains during that bull phase. The first kind of loss, from selling into a panic, is an actual dollar loss visible on your tax return; the second, every bit as real and important, is an opportunity loss—a gain not taken."

To: Emmo who wrote (13162)	2/10/2000 3:17:00 AM
From: Raymond James Norris	Read Replies (3) \| Respond to of 14266

Emmo, Charts are a math model of trying to display and predict human behavior This is totally false. Read any technical analysis 101 book and you'll find on page 1 that technical analysis does not predict; it only assess strengths. Without any theoretical structure to explain why patterns seem to repeat themselves across time Also incorrect. There are hundreds of great books about the "theoretical structure" that explain why patterns repeat. It is all based on group psychology. For example, the reason a cup and handle pattern appears is because when investors face significant losses (15%+), they tend to worry and sell once they break even. Their selling at break even causes a cup like formation to handle. On the second decline, the stock does not decline as much and new shareholders can tolerate smaller losses. Then when the stock trades back up to its original price, the new shareholders have a higher cost basis and are less likely to sell into the rally, propelling the stock when buying interest increases. There is a huge SHORT position. Unless all shares are held short, more can be shorted. but instead, overweigh the newest information and underweigh prior and longer term information The chart is giving us long term information. It indicates buyers are no longer strong enough to keep prices rising at its old pace. Look, I know you're not getting this and I really don't have the inclination or time to explain to you why technical analysis works. It's something you should read up on yourself and discover. And if you don't care to, that's fine too. But it's better to be one up on the market by having a set of many tools to understand the market's movements. Can you explain why THQI found support at its 200 day moving average for the past 4 years and happened to break through it now? Was it just an arbitrary price level that coincidentally happened to give the stock support? Good luck on your studies. Fundamental analysis tells us what to buy, technical analysis tells us when. Conservatively Yours, Raymond J. Norris