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

To: NeverRight who wrote (7150)	7/23/1998 11:50:00 AM
From: jttmab	Respond to of 14266

NeverRight, I wouldn't worry about it too much, i.e., the day trading down. I took a long position on the stock a month or so ago and read through all the threads. You could track the newcomers and the pumping and correlate it directly to the gain over the last few weeks. If you spent some time you could trace a number of them to trading long up to earnings, and then turn "sour" on the earnings reports. Presumably they were selling, the night before earnings and then shorting. It seemed like they took the same approach on THQI last quarter and probably last quarter as well. See the trading on TDFX and CHKPF for similar excellent 2Q earnings reports, followed by the sell. I'll admit that I decided to do some trading here myself (purely following the pattern). Sold my shares yesterday, sold short, watched the share become stable through 11:00 between 33 1/2 and 33 3/4, covered my short, and bought long again. Certainly paid for my time, but I'll tell you that when I saw the before market trading at 36, I wasn't real pleased with my first try at "trading". I like long term investing a lot better :o). So I'm back in a long position again. :o) I'm going to GUESS that trading will be active and pick up around 2:30 and the stock will close higher than yesterday's close, perhaps even push towards 36. Tomorrow, I wouldn't care to guess. I'm reasonably sure that there are plenty of shorts out there, that would like to see THQI trade down to 25. What they may be able to do, I'm not sure. I'm not sure whether THQ planned this or not, and I'm sure that I'll never know. But the earnings release, before market kept the impending shorts from creating any overnight FUD. The 10:00 cc (which was outstanding by the way) helped delay the early morning FUD, and the 3/2 split merely a month away may possibly keep the momentum upwards. RTQ: 33 3/4 Best Regards, Jim

To: NeverRight who wrote (7150)	7/23/1998 12:51:00 PM
From: Ron Harvey	Respond to of 14266

<<Talk about a contrarian stock. Almost double est. earnings, the stock goes down Anounce a stock split, the stock goes down>> Beg to differ! This information was already discounted by a significant price rise, which you seem to be ignoring. I was lucky enough to buy 2K at 28 1/2 on 7/10 and sell at 35 1/2 on 7/21. That's one dandy move for a puny seven trading days. You need to look at the broader context. Meanwhile, I'd expect the stock to gradually drift lower into maybe the high 20's by early to mid August, and then a couple of weeks prior to the next earnings report become a trading buy again. (Radica follows the same sort of pattern.)