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

To: Professor Dotcomm who wrote (13183)	2/10/2000 12:02:00 PM
From: Raymond James Norris	Read Replies (2) \| Respond to of 14266

Professor Dotcomm, .Your posts, Raymond, have been very interesting to the confirmed, inveterate, FA lurker that I am. Your points (and modesty making them) were persuasive. Thank you. Although - as you stated - TA does not predict anything but suggests instead, that the current tide of opinion is turning, how can we be sure that this tide is strong or weak? In other words where does a 'trend' start? The major trend began when THQI hits its all time low - around 70 cents. That is the stake in the ground, the beginning. There is no dispute here. Secondly, the trend changed when the rise which has remained for several years is broken. The decline in prices is a clear downtrend - lower highs and lower lows. Draw a line from THQI's all time high and pass it through the highs of December and January. There you have a downtrend line. However when (and if) the bad news breaks perhaps the market will yawn and say "well, hell it's all been discounted anyway' and THQI will then start to create another long term trend. This won't happen. Never have I seen a company report bad numbers and then Wall Street yawn and say, "it was undervalued anyways." You see, institutions dont think it was necessarily undervalued in the first place. The only thing that matters in the market is expectations and THQI has failed to meet Wall Street's. Therefore, the stock will sell off. Even if it were undervalued. Finally, on the FA front, Sony are now saying that they will be selling 500,000 PSIIs a month from March thru 2000 - all of them needing new games including those of THQI. This has already been accounted for in the price. Perhaps your successor in 2020 will be warning our children that THQI is just breaking its long term trend? I don't know about that. But whatever happens, I can assure you there is no arguing the trendline break of the major bull that THQI once had. Conservatively Yours, Raymond J. Norris