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

To: JakeStraw who wrote (9469)	1/26/1999 1:57:00 PM
From: JEFFREY S. FENDER	Read Replies (3) \| Respond to of 14266

It only started to trade on smaller shares after the large blocks went this morning at 5/16th and 3/8th My opinion this is the bottom. Why do I say that. D o you really think all those block trades that went at 5/16th and 3/8th (were talking trades 5k+) were not an institution selling to anther institution? If the average Joe would have been dropping size like that we would have seen 18 in a hurry. Here is what I believe has happened over the last few days. An institution decided to get out. (probably to go buy amazon or yahoo) They then went shopping the stock to other institutions) They found an institution that said I will take "x" amount at 24 3/8th that is where we were trading heavily today. The last 2 days did not have blocks as large as today did. As soon as they agreed on the deal they began to sell the excess over the agreed amount to the open market. Thus the stock came down. As soon as we hit the magic mark 24 3/8th it was frozen there by the MM. Today lots of blocks went at 5/16th and 3/8th. 5/16th was the institution selling to the MM and the 3/8th was the MM selling to the new institution. That selling is over. Now its in a free market situation. Supply and demand from the average Joe's. I believe we will move higher from here 23 1/2. This of course is just my opinion but I also observed this in DECEMBER when a MM was sitting at 28 for a couple days straight. Time will tell