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

To: CENTrader who wrote (7000)	7/21/1998 6:47:00 PM
From: Todd D. Wiener	Respond to of 14266

He could be right. I suppose we'll see. I might consider a tiny bit of profit-taking (similar to last week's) if the stock opens above $40. The advantage of having the report in the morning (as opposed to reporting the night before, like Q1) is that there is less time for a groundswell of buying pressure to materialize. The less the stock gaps up at the open, the better the stock will do on Thursday, I believe. Ron- I said that much of the buying will have occurred. Not all. Besides, if "much" means 50%, then 50% of the buying will have occurred by Thursday. But whereas this buying has been happening over several days, the other half will happen on Thursday. So the folks who bought at $33 and $34 (and lower) will be tempted to sell into strength at $40. That's why we could have the 15% correction to confirm support at $34. Todd