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

To: Marc Newman who wrote (4642)	4/17/1998 12:49:00 PM
From: tom r. phillips	Respond to of 14266

i had a stop limit sell order in place at 27 1/2 today and was lucky enough to be checking my account when i saw that there'd been a sudden drop. i re-purchased my shares at 27. i suppose that the MMs may have been shooting the stops and taken others out as well as me to get themselves some cheap shares. (this is an argument against openly placing stop limit orders on low-volume stocks.) a close back up today would be consistent with this sort of action. tom phillps

To: Marc Newman who wrote (4642)	4/17/1998 12:53:00 PM
From: Bleeker	Read Replies (1) \| Respond to of 14266

Ditto. Exactly at 26 7/8. I also have some limit orders in. Marc, I spoke with Lin, the Wedbush Morgan analyst, this morning. I will post my notes over the weekend. I am starting to respect this guy more and more: he's not a kiss ass and somewhat of a contrarian. I know we all bashed him last Fall. But it took guts for him to downgrade THQI when sentiment was so positive. Now he upgraded THQI when sentiment is very mixed (plenty of short sellers on the Yahoo message board and look at where THQI's P/E is now compared to last Fall: 19.8 vs. over 30. This at a time when THQI's earnings are much higher.) I wanted too see what prompted the Wedbush change. More later. P.S. Andrew, you mentioned averaging down. What about averaging up! Think Apple, Think Different: Bleeker