Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dennis K. Showers who wrote (13320)	2/11/2000 10:41:00 PM
From: Kory	Read Replies (1) \| Respond to of 14266

Apologies if this has been posted already, but I can't bring myself to scan through a bunch of TA posts again. _________ Smackdown had a best ever 6.7 network rating and 10 share on last nights show. ____________ I think I might buy some WWF stock. As for all the noise about earnings guidance, my one and only concern is why we apparently are only going to make $.25 in a quarter releasing Smackdown, along with reorders of WM2K. Either costs at THQ are significantly higher than a year ago, the deal with the WWF and JAKKS is weak, or we are not going to ship as much as I feel should easily sell given the extreme popularity of the WWF right now. None of the possible reasons looks very good. I could easily accept a down quarter or two if it dealt with timing of releases. To have a down quarter in spite of releasing a major title, along with restocking sold out WM2K needs some explanation. I'll be listening on the 23rd. Kory

To: Dennis K. Showers who wrote (13320)	2/11/2000 11:02:00 PM
From: Raymond James Norris	Respond to of 14266

Today the bulls were in control. The direction has turned. Every bear yesterday is now loosing money. I take exception to this statement. We had one up day following a hammer. How can you conclude the tide has changed? We had a hammer February 1st and the change was temporary. A hammer isn't as significant as the breaking of a downtrend line or ending of lower lows and lower highs. The stock was sold off badly; a reaction was expected. I think this is only temporary relief and the selling will continue soon. There was no hammer on February 1. I'm no expert on candlestick formations but February 1st matches the description. According to the reference I have, it is a hammer. Not only that, my software identifies all candlestick patterns automatically (since no interpretation is required) and confirms that. You also have to remember that 200 day moving average. THQ broke below that on huge volume. THQ may rally back to that average but will likely see tough resistance there. Breaking it was the biggest red flag. Good luck, Conservatively Yours, Raymond J. Norris