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


To: Sigmund who wrote (2602)12/16/1997 5:21:00 PM
From: Christopher  Respond to of 14266
 
NASDQ rebounded today by about 17 points and THQ gained 3/4 of a dollar. The balance of power between bulls and bears is about equal
at this point. IF NASDQ continue to rebound then I beleive THQ will
continue to go up and may be, may be soon will hit a new high!!



To: Sigmund who wrote (2602)12/17/1997 12:56:00 AM
From: Todd D. Wiener  Read Replies (1) | Respond to of 14266
 
Sigmund-

First of all, the downgrade by Wedbush is a POSITIVE. The stock is in the same price range that it was when it was downgraded. Now, if Wedbush upgrades THQI to BUY or STRONG BUY, the stock will likely go up. I agree that insider buying is a definite positive, but insider selling isn't always bad. Besides, it's not fundamentally important news. I think the reports of WCW's success are much more useful as a "crystal ball" than is Farrell's selling.

"Clearly if we get earnings of $1.65 next year, a stock price of $20 will most likely be perceived as too low and most likely will go much higher."

I hope you don't expect the stock to sit at $20 for 12 months. By the time the street realizes that THQ earns $1.65 for 1998, the stock should be twice the current price.

Todd