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

To: Marc Newman who wrote (5785)	6/4/1998 11:11:00 PM
From: Joe Casey	Read Replies (1) \| Respond to of 14266

Speaking of the sage JJC (Jim Cramer) of TheStreet.com, he has this to say about stocks that bounce back: In either case the lesson is that great stocks, like great professional teams, tend to bounce after a pasting. So if you wanted, say, to short Dell, you should respect that bounce and wait until it runs its course. If you wanted to exit Dell, you should wait for the bounce to go higher, too. And, if you are like me looking for a point to buy more, you should seize on the bounce to buy more Dell. Which I did. It's funny, the term oversold is technically derived. I used to want to pounce on a stock after one of these death spirals and go buy puts, with the idea that the corpse couldn't fight back. But my wife would jump on me with "never short an oversold market," or "beware of the oversold bounce." That's why , in last night's chat with TheStreet.com's technician, Gary B. Smith, I was so keen on asking about America Online (AOL:NYSE) and Yahoo (YHOO:Nasdaq) and other techs, because even if you hate these stocks with a passion and I know many of you do, you must respect the oversold bounce. By no means do I mean to imply that THQI is like DELL, but I have confidence that one day it will be a great stock. The point I wanted to make, is that certain stocks are resilient and bound to make a comeback after a "death spiral", especially those with strong fundamentals. THQ is one of these. Short-sellers should take note of the above words of wisdom, as this THQ-corpse will fight back.

To: Marc Newman who wrote (5785)	6/5/1998 12:57:00 AM
From: Bleeker	Read Replies (2) \| Respond to of 14266

Here is a more complete list of inst. longs until April 1. Navellier & Associates held 754,480 (10.43%) Bjurman George held 473,790 (6.55%) Globeflex Capital held 245,500 (3.4%) Gardner Lewis held 147,500 (2.04%) TCW Group held 134,400 (1.86%) Nicolas Applegate held 127,800 (1.77%) Columbus Circle PIMCO held 105,000 (1.45%) Northstar Investment held 99,100 (1.37%) Bankers Trust NY held 90,700 (1.25%) Fidelity Mgt. held 31,000 (.43%) Marc, I'm rebuilding my position and I know of one fund that may be taking a new stake in THQ. One other thing I wanted to pass along from DL: they have met with a number of analysts in recent weeks, including at the E3. That's not to say that there will be coverage but the story is getting out to buy and sellside analysts. Bleeker