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


To: AreWeThereYet who wrote (3860)3/11/1998 4:42:00 PM
From: Brian Nichols  Respond to of 14266
 
As you said, who can tell with fickle investors, which way the stock will move tomorrow. It seems that those who are selling see this loss of a license agreement as an effect that will happen tomorrow to THQI's sales. THQI will still be selling these games throughout all of 1998 and half way through 1999. If there is any impact on sales and earnings, it won't show up until 1999.

I see this as a good buy opportunity.

Good luck to all.

Brian



To: AreWeThereYet who wrote (3860)3/11/1998 4:52:00 PM
From: RealMuLan  Read Replies (2) | Respond to of 14266
 
<<It is hard to predict direction tomorrow, have to see how those anaylst view the case.

According to Yahoo, only 3 analysts follow this stock. One (Gerard Klauer Mattison) already downgraded it. And after his downgrade hit the wire, the stock started to drop from $25 to $23 something, so must be a lot of people follow him. I don't know who are the other two.

<<I am glad that the 24 support hold (those crazy margin calls) because it took us almost 2 months to broke that resistance.

I think the reason for it could break $24 was because some institutional buying by WisdomTree Capital Management, Inc. between 2/14-2/24. Go to the following link if you want to read the original SEC filing. As long as they don't dump their shares, $24 will support. Just IMO.
BTW, I think you should mention another record, which is over 3.5 million shares of volume in one day.

freeedgar.com