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


To: lizard lick who wrote (3512)2/25/1998 6:28:00 PM
From: RealMuLan  Read Replies (3) | Respond to of 14266
 
Technically speaking, this kind of gap up opening (from $24 something to $26) has to be filled before a solid runup.



To: lizard lick who wrote (3512)2/26/1998 9:59:00 AM
From: Don Westermeyer  Read Replies (2) | Respond to of 14266
 
Lizard,

There is not enough short interest in THQ that the price would get squeezed very high, especially considering the volume yesterday. I would have loved to see a very high short interest going into earnings like that, but it just wasn't there.

IMO It was real demand for the stock, although many of the trades might be short term. Don't be suprised if the stock pulls back a couple of bucks or so after a run like this.

In fact short interest might start increasing since expectations for the company are quite high now.

To be honest I am going to liquidate part of my THQ. That's not to imply anything negative, but you know what they say too many eggs in one basket. No options to reduce the risk either, bummer.