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

To: rogermci® who wrote (4849)	4/22/1998 12:07:00 PM
From: Todd DeMelle	Respond to of 14266

Wait a sec! Now Freerealtime has the day's high as 33 3/8! I liked it better when I didn't buy in right at the high of the day... I've got an engagement this afternoon... maybe when I get back that high for the day number will have changed... I hope so. We might be on our way back up right now... last trade 28 1/8 OT

To: rogermci® who wrote (4849)	4/22/1998 12:25:00 PM
From: Bleeker	Respond to of 14266

Except we're likely to get more upward revisions and press coverage. Profit taking is profit taking and that's what we have seen today on strong earnings. But P/E is P/E and forward earnings are strong. Farrell is a master at understating earnings potential. All you have to do is look at the last 13 quarters. Did you expect him to say that THQ will trounce estimates by 100% each quarter for the remainder of the year? He did say today that 20-25% growth in 1999 is their target. And he tends to be VERY conservative. You should really look at this as more than a one day event. We had been rallying for a while... THQI is now at its nadir in terms of its historic P/E range: that is a market anomaly brought about by profit taking in part. Market anomalies don't come around very often you know. I wouldn't mind if we don't hit a new 52-week high by the end of the day today. You are being too bleak. We have a much cheaper stock today and a stronger balance sheet and solid forward earnings prospects. And then there is Rugrats. cheers, Bleeker