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

To: Brian MacDonald who wrote (3108)	1/18/1998 11:43:00 AM
From: Sigmund	Respond to of 14266

Well there might have been riots. Who knows maybe there were riots. News travels slowly in a small town like Stamford Conn. This story is so hot perhaps the media have put a lid on it. It will leak out eventually. I understand that underneath the forests in New Mexico there are glass-lined tubes where they are housing alien lizards and these are busy cloning THQI products. That story may show up on the Internet also. Are they company sponsored alien-lizards or independents? Will this result in greater margins or no margins? I will check with the Lizard thread. That may be why they are shorting this stock. Maybe they have inside information on this. 60 day moving average? Well you know how I feel about moving averages. I don't put any credence in them. Why 60 days? why not 50 or 62? Every day the moving averages will go up because we are in an uptrend. So if the stock is pausing before its next advance it will fall below one then another moving average. Is this a sign of increasing weakness? I don't think so. We all know the there has been profit taking and perhaps some shorting activity. There may be more but more profit taking and shorting doesn't make the stock weaker it makes it stronger. So I fail to see how violating moving averages tells us anything about the future movement of the stock. Does it have some short term predictive power? Maybe if you believe in the self-fulfilling prophecy argument. But you discounted that by referring to a 60 day moving average. If everyone is placing different degrees of importance on different periods of moving averages then the self-fullfilling prophecy argument is diluted at the very least. You don't need to compute a moving average to see that THQI has stopped increasing and is declining. This is obvious. It is just as obvious that every time the stock tries to rally it meets resistance. It is also clear that there is not much participation in this fall from the uptrend. There are not many sellers but still fewer buyers. An unstable situation for sure. But one that I think is coming to an end. Which way will it go now? Down or Up? It seems to me that in the long term, it is clear that THQI will be going up. What about the short term? I felt back in December that January would be weak because of the absence of news. Waiting for earnings is painful. Wall Street has an attention span of about 3 days so three days before earnings are released you can count on the stock going up. Until then we have to wait. The NITRO announcement if it comes will help keep the longs content until the three day period before earnings arrives. Some unanticipated publicity about the unrequited demand for THQI products is unlikely but could have an explosive impact on the price of the stock and that would be clearly up. Need FedEx to issue a public apology to THQI. Anyone up to working on that. New earnings upgrades will also help. Waiting for Bleeker's post on that. We may get one more downward push. So what?