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


To: Sigmund who wrote (2532)12/12/1997 12:46:00 AM
From: Tor Van Dyke  Respond to of 14266
 
Let's not fret about Farrell's sale. All it means is that he wants to cash in on some well-earned profits. If he thought the stock was due for a downtrend, he would not sell since he would face some possible litigation. While there are several reasons why someone would want to sell some stock, there is only one when one would buy some. Unfortunately, we don't have such a benefit. But that's alright. Let's not look too much further into the sale. A sale of a couple of thousand shares is not going to change the consistent uptrend, even though it is from an insider. Like Bleeker( I think??) said, anybody else with a close eye on the stock is going to sell at 350-500% gains. It's common sense. As for Stagger Lee, you're just waiting for ANY kind of opening to spout off. I think you're wrong. You disparage this thread by doing so. I appreciated your earlier posts since they had some kind of backing, but your latter posts have been unsubstantial. Let's keep it on an intellectual level. Thank you.

P.S. I see THQI at $23-24 at year-end.



To: Sigmund who wrote (2532)12/12/1997 12:10:00 PM
From: Bleeker  Read Replies (2) | Respond to of 14266
 
1)Sigmund, the sales occured in November. I'm not sure
if they preceded or followed the Wedbush downgrade.
(The report doesn't give a specific date.) Perhaps Farrell's
decision will weigh on the stock short term. If he sold 12%
of his holdings at $18.70, he may actually sell more at
these higher levels. It's a possibility and I wanted to
raise the issue in light of some selling from investors
who I respect very much on this thread, including Haines.

2)Next week's CPI number should provide a key signal for
the near term direction of the market. A relief rally is
a strong possibility I feel given the fact that 30-year
interest rates are now below 6 percent. What this market
needs is perhaps another 10 basis point trim off of the long
bond to make the bears realize that the case for another tech
wreck is really overblown. Anyway, we're not too far away
from that.

Bleeker