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

To: Dave Hanson who wrote (3922)3/12/1998 11:34:00 AM
From: Sword  Respond to of 14266
 
I agree Dave. THQ Inc. is still a great company and it deserves more than the 10 or 12 P/E toward which it seems the market wants to take it. This reaction seems to be driven by fear and also surprise. No one expected the resolution of the negotiations to be this soon, let alone a failure to renew the contract.

On the subject of P/E, RADAF and EIDSY have much lower values than even 10. Is THQ Inc. now going to be valued at the same level? It's a much better company.

-Jerry



To: Dave Hanson who wrote (3922)3/12/1998 12:29:00 PM
From: RealMuLan  Read Replies (2) | Respond to of 14266
 
There is no doubt that TA cannot predict this kind news-related movement. But sometimes the support level works because a lot of people set limit stop orders, either buy or sell, by looking at the chart for the level of support. So the breaking of the support level has a domino effect.


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