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

To: rogermci® who wrote (8458)	11/5/1998 2:53:00 PM
From: Apakhabar	Read Replies (1) \| Respond to of 14266

I like this company, and have traded its stock more often than any other stock during the past two years, and I am generally a THQI bull. But I've just sold most of my holdings. IMO the stock will be supported for a while by short covering, but not new money buying in. It may continue on to 30, in which case I will regret selling. But we have really seen a great rally, and in my case, I just want to take some profits and enjoy a cash position for a while. The PE now is 25 and while I think the company deserves better I don't think the market shares my opinion. I think there is a reasonable chance that for some reason not obvious now I will be able to buy back in at a significantly lower price. For those who disagree, I will concede that the buying pressure has certainly been very strong up to now. Good luck to all.