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


To: Ron Harvey who wrote (7985)9/11/1998 12:50:00 PM
From: Sigmund  Read Replies (3) | Respond to of 14266
 
<<<< Would it help if I told you that I'm actually Alan Greenspan? <<<

I don't know about that but your timing has been pretty good on THQI as opposed to RADAF.

It looks to me that at some point, we are going to have a really big rally. Maybe not until November. But then I get scared about the Republicans controlling Congress and I am not so sure.

Either way, I think the markets will not be too bad for us. THQI, EDSY, RADAF etc should all do well heading into Christmas.

THQI is in an interesting situation. Although some talk about buying and holding, I think there has been quite a turnover in ownership since Jan 1. A lot of people held on til then to avoid cap gains taxes last year. Then there were a lot shaken out by the WCW mess. And we will lose some more as the year moves on to tax loss selling if we don't get up a little higher pretty quickly.

But the positive to this all, is that the cost basis for many investors now is around the current price give or take $5. So we may not have that rush to get out after Jan 1 this year. Long-term, things look really good to me and that is a far cry from the way things looked six months ago.