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

To: JakeStraw who wrote (8178)	10/8/1998 7:39:00 PM
From: Ron Harvey	Respond to of 14266

Re today's trading, I don't know if it's a consolation to state, "It didn't stink as much as it could have," but I think that's true. Despite my believing that there's probably more market ugliness in the wings, I picked up 10 more December call options. THQI can really snap back when a glimmer of optimism emerges. I received an e-mail requesting bit of trading advice, so I'm going to answer here with the caution (probably unnecessary) that it may be worth what you're paying for it. Panic can be contagious. Try not to sell into it. One of the signs of sell-at-the-market panic is a large, quick price tumble on relatively low volume. Example: I own 4k of DMMC in the low 8's. Early today it was asking 7 3/4. When I got a quote 20 minutes later it was at 6 on a puny 33,000 shares. No news. Despite being margined up to my forehead, I bought 2K more at 6, figuring that some desperate sellers wanted out at any price. The stock closed bidding 7 3/8 and I'll probably sell the 2K tomorrow. If the same sort of selling occurs with THQI, take a leisurely shower. By the time you're out and toweled off, the stock price will be recovering. . . . And if I'm wrong, Sigmund will paint your house and perhaps even share his closely guarded opinion about President Clinton, if you ask him nicely.