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

To: Joe Casey who wrote (6968)	7/21/1998 1:47:00 AM
From: Dennis K. Showers	Read Replies (1) \| Respond to of 14266

I have been reading the discussion about the triple top as opposed to the double bottom and must disagree with it. The idea of a triple top formation being developed has had me nervous for quite some time. The potential release of the news of an acquisition of MPRS seemed to coincide with the timing of the stock price as it approached the major resistance point at 32-33. In fact, when the stock failed at 31 1/2 I sold 2/3 of my position 5 days later, at almost the low of the bull flag. (Sometimes I just hate myself.) I have since repurchased my position and more. The three day formation on 7/9, 7/10, and 7/13 created a very bullish morning star formation and the rest has been history. Today we seem to have broken the triple top formation by gapping open through what was resistance and closing above that. I would have liked to have seen a little more volume but it wasn't bad. I view today's gap as a midway gap with the gap left on 6/11 as being the breakaway gap. We should be looking for the exhaustion gap somewhere in the lower to mid forties. I will be watching 34 1/4 very closely for new support. (I developed that from the high in Feb. and the high in April. Another interesting line is one created by connecting the high in Feb. with the one in March. It was the breaking of that line that caused me to sell when I did and the gap back above it that caused me to hastily repurchase my shares.) Now my dispute with the double bottom. In order for a double bottom to form the stock trend has to be in a decline. Granted, the price was in a short term decline but the overall trend of the stock was up. We need to look at a chart picture about 36 months in duration to see this. What the stock did in both instances is correct to the 200 day moving average. The first time it stopped short by about 1.75 but the second time it reversed on the penny. I think this is something to keep in mind the next time someone pulls the rug out from under us. Simply wait and buy more as we approach this average. One other thought. Did the new firm (Blumberg?) started THQI with a buy recommendation just so they could upgrade after the earnings announcement? That could provide added an pop. Whitetail

To: Joe Casey who wrote (6968)	7/21/1998 4:43:00 AM
From: CENTrader	Read Replies (1) \| Respond to of 14266

Joe, I don't see what all the fuss is about, provided the info below is correct. How many companies perform as good as this, bad CC's 'n all !? I mean...What do you want!? <<Some interesting quant work from David Haines: <<Since this is the slow time of year for video game companies (or it is supposed to be), note how each of the last three years THQ has almost or more than doubled from this date to the end of the year. Now just think if you were to have held two years or longer without selling, now three years or longer without selling. See what I mean.... 7/14/95 12/29/95 % Gain $2 3/4 $5 7/16 98% 7/16/96 12/31/96 % Gain $4 1/8 $9 3/8 127% (+50%) yr. to yr. 7/16/97 12/31/97 % Gain $12 1/8 $23 90% (+194%) 7/17/98 12/31/98 % Gain $33 1/16 ??????? ???% (+173%)>> Message 5248088