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

To: Raymond James Norris who wrote (13340)	2/12/2000 3:33:00 PM
From: Apakhabar	Read Replies (1) \| Respond to of 14266

Good afternoon Ray, Hmm. I have to concede that I didn't go back to 1995 and thus did not start at the proper low. My charting was flawed by having a "four year trendline" drummed into my head when of course, it's really almost a five-year trend; I printed up a four-year chart from BigCharts and mistook the April 96 low for the stock's June 95 low. Careless, but I don't think the board was harmed by this error and our exchange. Still, the question remains how important this break is regarding not all stocks in general but THQ in particular. You talked about the importance of THQ's 200dma in an earlier post, yet it's only provided support about half the time during the uptrend. I'm interested to know your thoughts on this matter because it calls into question how useful certain TA can be in predicting THQI's price movements. It's worth asking: if a benchmark indicator like the 200dma does not provide a valuable insight into crowd behavior regarding THQ, what is to say that this deviation from the long-term trend will? As an aside, my comments are made in the spirit of learning, yet twice you've made the claim that I am only trying to make facts fit a long position. Several people have (rightly) defended you from the charge that your arguments are based on a desire to talk the price down, because motives are extraneous to a debate of ideas. I believe my argument about the trendline was flawed by a faulty proposition (in message #13329 I say "...go to BigCharts and print out a four-year logarithmic chart"). But it behooves traders to regularly ask themselves if they are becoming emotional about the stock they trade or invest in. And you seem to enjoy making psychological diagnoses. So FWIW I offer the following as insight in the mind of the direct-access trader who closes every day 75-100% cash, and I ask you to refer to it prior to making further pronouncements concerning my objectivity: MONDAY. A very profitable day; the apex of five great weeks. My wife wants us to take a vacation and so I plan to park some money in a "safe haven" and I call my travel agent. TUESDAY. I take a big position in THQI believing that it has broken out of its base and will run up to 27 before encountering resistance. I trade ERTS for a while and make a few points on small positions. Later, I get whacked on THQI and bail out for a substantial loss, but I buy at the close. I don't know yet about BF calling the analysts. WEDNESDAY. I sell just after the open for a nice gain, and I am not surprised the selling, which I expect to drive the price down to 20. The price goes to 20 1/8 and I can't wait; I buy some. I buy some more at 20. The trades go against me and I sell half. I buy a lot under 19 and sell some on the way up to 19 7/8. I hear about the MOKE downgrade on a message board but I don't believe it! I sell a little anyway. By the time I believe there is a "real" event I have "worked" enough stock on the way down to wipe out my previous gains on the day; some very bad trading. I hold some stock overnight. THURSDAY: I sell some over INCA premarket at the high for the day, just prior to the HG piece appearing, and I sell the rest at the open. I accumulate a position during the day, but focus most of my attention on HAUP, which has had a huge run-up and now may be a candidate for shorting. (I have no warm and fuzzy feelings toward HAUP like I do for THQ.) I trade ERTS and I stare dumbly at JAKK for a while. I get bored and I bring up some free pornography on my second monitor. My wife mutters at me and bends over to take a closer look. For the day I make a little on my THQI and buy some more at the close. FRIDAY: Again HAUP takes up my prime focus but I do sell some THQI at 18 3/4. Much later, when it appears that not even a bad word on CNBC will break 18 3/4, I buy a position at 18 13/16. I sell about half at the close so I don't hold too much over the weekend, but I regret the sales and post orders to buy (at a lower price than I sold) on INCA, and then ISLD. Neither get filled. There's my disclosure. Perhaps I do lack objectivity. In any case, maybe it would be best to return to the subject of TA and talk about THQ's 200 DMA.