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

To: Marc Newman who wrote (3063)	1/15/1998 12:29:00 PM
From: Bleeker	Read Replies (4) \| Respond to of 14266

Marc, it's Like Waiting for Godot. I'm also using the drop on low volume to add today. Godot will show up in the days ahead. My hedge fund source now says that the chances of more upward earnings revisions for Q4 have increased markedly given how well WCW continues to sell. The sales in Q4 have apparently been much more wide spread than the fund expected. There has been more than one, or two, or three successes in the Q4 released games. The fund has been polling thqi game sales beyond WCW. While most of us on the thread expect thqi to meet the Wall Street consensus estimate, the hedge fund manager I've cited before is much more optimistic about the stock's short-term prospects because of the four point retracement thqi has seen from its recent high on zero news. His take is that a lot of the mo-mos and retail have pulled out. There has been no fund selling either in recent days: evidence of that is in low volume. The selling and buying has been meaningless. By the way, the fund manager's estimates are much lower than Todd's but higher than the Street consensus. I don't want to be more specific than that right now. He also feels that thqi should rally not only to the run-up of Q4 earnings report--but following the release of the report as well because there has been a significant pull back already: in other words some of the good news in the stock has been discounted out. I have to agree with this analysis regardless of what Fibonacci says. The wait time will get shorter as thqi gets closer to releasing Q4 earnings. We saw what happened following Q3 earnings when thqi beat estimates by three cents as my source predicted. Of course, thqi's price/earnings ratio was lower then. The advantage this time around is that the stock has pulled back more sharply prior to the earnings anouncement. That means some investors may be lowering their earnings expectations at a time when Wall Street is raising its estimates: it's a good thing. Godot will show up and the mo-mos should jump back in if the overall market remains range bound. I will continue to use market selloffs and days like this to add slowly. I have a feeling Wedbush may be doing the same. Apres moi, le deluge. cheers, Bleeker