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


To: Jeff W. who wrote (6135)6/18/1998 5:14:00 PM
From: judge  Read Replies (1) | Respond to of 14266
 
if your long on thqi.. just buy on dips.. no need to
time the market if you are looking long term on this one..
j



To: Jeff W. who wrote (6135)6/18/1998 5:30:00 PM
From: Mr. Aloha  Read Replies (3) | Respond to of 14266
 
I took profits today based on the almost straight upword movement lately.

It was a hard decision but when it comes to locking in profits, I twisted my own arm.

I've been left behind THQI in the past MANY TIMES and I could have made a terrible mistake.

I'd like to get in next week around $27 or so. I'm hoping for some really terrible news about the world economy :-)

Aloha



To: Jeff W. who wrote (6135)6/18/1998 10:28:00 PM
From: Kelvin Taylor  Read Replies (1) | Respond to of 14266
 
Jeff-

Currently the stock is less than $6 from its 52 week high. If past pricing patterns are any indication there is strong evidence for the stock to meet resistance $30. There have been only 5 times in the last 6 months (12/24/97) THQI has closed @ $30 or higher. The last close at 30 was April 21. One week later the stock was 24 5/8. This of course provided a good buying opportunity.

IMO the stock will behave in a similar fashion. Reaching a technical resistance price, then drop back to a base price support level (near 25 1/2) then begin moving up as the earnings report draws closer.

I have always found it wise to add to your position in this way. Buy half of what you want after the stock has pulled back from recent daily gains (in this case more than 15% in a week)then add to your position when the stock stabilizes at support level.

Kelvin

P.S. Did you notice the alliteration in the second line? It just happen to come out that way.



To: Jeff W. who wrote (6135)6/19/1998 2:37:00 AM
From: Todd D. Wiener  Read Replies (1) | Respond to of 14266
 
Jeff-

I'm not buying any more now, because I have PLENTY, believe me.

"I'm not sure nickel and diming the price on entry points is such a smart thing."

I agree completely. After all, I bought a bunch at $29 after the Q1 report, and I'm not hurting too much :o) Of course, I've also made some lucky decisions with the options in the meantime.

We could see a pullback to $26-27, because the stock is somewhat overbought.

FWIW, I think the stock should trade at more than $50 right now. Now, if I could only convince Wall Street of that...

Todd