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: Raymond James Norris who wrote (2589)	12/16/1997 10:45:00 AM
From: Christopher	Read Replies (1) \| Respond to of 14266

Sigmund, I agree with Raymond. By "market is very volatile" I meant the same thing that Raymond is saying when he says that 75% of the stock move is effected by the market and the industry of the stock. NASDQ was under distribution last week and we have to see for this week. Mr. O'neil says that if the market is under distribution and if you select your stocks 100% according to CANSLIM then three out of four of your stocks will still lose money. His exact words are "When they raid the house they get them all". This is the same thing that Raymond is saying in his memo. When a stock is in a trading range it swings between overbought and oversold. When THQ goes below $18 then it hits obersold and people will buy it and bring it back up. When THQ hits $20 or above then it becomes overbought and people start selling it and bring the price down. The trading range is a period where the stock price consolidates in its preperation to move to a new high(not every stock will move into a new high). When NASDQ rebounds then THQ will have a very good chance of hitting a new high. I agree with Raymond, THQ has held extremely well under the current condition of NASDQ.