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


To: Kelvin Taylor who wrote (7542)8/14/1998 8:51:00 PM
From: Marc Newman  Respond to of 14266
 
The stock often has no trouble with $30. I think $31 has been a tougher number than $30, in the past. In fact, the next time we get any buying pressure or short-covering, we'll sail right through $30, IMO.

Usually when analyst estimates go up we make a nice move. Perhaps today just wasn't meant to be the day that anyone wanted to deploy new capital, especially, as Wade notes, if they are small cap investors. Brrrrr.

Anyway, next week attention will turn to the stock split and the WCW/NWO re-release bolstered by Nintendo's free ad campaign. It's possible the markets will rally as Clinton weasels out of another mess. It's like the Gulf War in 1990. Everyone who was worried had already sold and so the moment we started bombing, the Dow took off to the upside. Even Jerry Favors changed his bearish outlook, saying on CNBC that we were now ready to rally.

Btw, Apakhabar, last fall I tried to sell some THQI and had the same thing happen to me. Got only 100 shares and then the bid dropped on me. I had to chase it down and pay multiple commissions since Datek doesn't allow orders to be modified, only canceled.

Marc