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: AreWeThereYet who wrote (3071)	1/15/1998 6:51:00 PM
From: Christopher	Read Replies (2) \| Respond to of 14266

Some thoughts from Dr. Elders. I know that Dr. Elders has been quoted on several occasions by members on this thread. The following quotes are taken from his book "Trading for Living". The paragraph below is taken from page 120 the second and third paragraphs. Please note that when Dr. Elders talks about "market are moving" he is referring to trending markets and when he talks about "flat markets" he is talking about trading ranges. He refer to oscillators and I called them momentums in my previous memo. Here it is: A serious trader needs to know which indicators work best under different conditions. Before you use any indicator, you must understand what it measures and how it works. Only then can you have confidence in its signals. Professionals divide indicators into three groups: trend-following indicators, osciallors, and miscellaneous. Trend-following indicators work best when markets are moving(trending) but give bad and dangerous signals when the markets are flat(trending range). Oscillators catch turning points in flat markets but give premature and dangerous signal when the markets begin to trend. According to the above paragraph, MA will give a bad and dangerous signal about THQ since it is in a tranding range. On page 142 he talks about momentums or oscillators and how professionals use them against amateurs. He does not use the word amateurs in his paragraph but instead he uses the word crowd. Here it is: Oscillators identify the emotional extremes of market crowds. They allow you to find unsustainable levels of optimism and pessimism. Professionals tend to fade those extremes. They bet against them, for a return to normalcy. When the market rises and the crowd gets up on its hind legs and roars from the greed, professionals sell short. They buy when the market falls and the crowd howls in fear. Oscillators help them to time those trades. Hey emmo, with oscillators you won't miss the trees!! I use them all the time and they certainly work.

To: AreWeThereYet who wrote (3071)	1/15/1998 11:13:00 PM
From: Bleeker	Read Replies (1) \| Respond to of 14266

Andy, even today. Volume was under the daily average. Take a look at the size of the trades. For the most part they are lots of 1,000 or under: hardly a sign of institutional buying or selling. Today's drop does not seem thqi specific. It's more market specific: there is clearly anxiety about the sustainability of earnings expansion in 1998 (and I'm not refering to thqi here.) The Pacific Rim is no longer ambient noise (so every one keeps on saying). And sentiment swings from day to day. In this climate and with no thqi news, it is to be expected that the stock move more in step with its sector and the overall market, at least until earnings validate once again how different thqi is from other game companies. To me, all this market uncertainty has opened a window to do more buying. I'd like to reach out more, but once again I'd like to make the sellers come down for it. Keep in mind that the Street's Q4 earnings estimate has been moving higher at the same time that the stock has been moving lower. There may be another bout of market (or technical) related selling, but the upshot is this: the pressure for a stronger upside move is being built. I'll keep the thread posted on the hedge fund's Q4 earnings estimate as we get closer to the release date. cheers, Bleeker