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

To: Ron Kline who wrote (9657)	2/8/1999 9:44:00 PM
From: OGM	Read Replies (1) \| Respond to of 14266

Agreed. There certainly are a lot of different ways to make money, and I enjoy learning about them on SI. I have this recurring fantasy (dream?) that for some reason other than fundamentals this stock gets sold off again and it hits 13 as it has twice since I started buying, so I can correct my mistake and put more money in. My best hope is for the momentum players or beta-risk camp to pile out and start shorting. Thanks, and best of luck, -OGM

To: Ron Kline who wrote (9657)	2/8/1999 10:24:00 PM
From: Robert G. Harrell	Respond to of 14266

A few thoughts/observations about recent discussion topics: Jim Collins, the other MPT user, had THQI in his Growth Stock Winners for several months but dropped it back in October. The reason cited was "there has been a change in the company's fundamentals." I kept meaning to E-mail him and ask what in the world had changed about the company's fundamentals. His third reason for selling stocks, "There has been a breakdown of its quantitative fundamentals (e.g. increased volatility or poor market performance)" would have been more understandable. If you want to read an explanation of Navellier's method of evaluating volatility, he explained it in one of his columns in the Model Portfolio column in one of the 1996 Smart Money issues (I think in the second half of the year.) In 1996 their model portfolio competition was between value and momentum. I think Michael Price was the value guy and LN was the momentum guy. I saved the issue for a long time but threw out everything prior to 1997 when I moved my office. It should be in the library. The online version of Smart Money only goes back to 1997 so far. In early 1997, I sent in a question for Navellier about a stock he had recommended in his model portfolio in Smart Money (Hologic I think) when he was a guest host on CNBC Squawk Box. I wanted to know if he was still bullish on the stock and he replied that he had dropped it even though it was a great stock because of its volatility. Incidentally, in that case, the increased volatility preceded a major fall but HOLX developed major problems. I looked at the intraday charts on Bigcharts.com for the last 5 and 10 day periods and could see what might have been institutional selling on 1/26, maybe on 1/28 and again on the morning of 2/3. Otherwise, most of the large blocks seem to be moving the price up. I just got back from picking my son up from a Statistics review session. His teacher went to Wall Street right out of grad school and became a multi-millionaire in his 20's. He now teaches school and coaches the golf team as a way to give back to the community. (He lives in Black Diamond golf community on the weekends.) Occasionally I ask him for an insider's view of the market. He said that Navellier would probably have started unloading 2 or 3 months ago and definitely before he removed his recommendation. Finally, I think the internut stock phenomenon may be partly responsible for the change in THQI's trading pattern this year. I would guess that a significant portion of THQ's non-institutional holders are skewed toward younger more aggressive investors who have a very short term investment horizon. It would be very tempting to bail out of THQ when it isn't moving much to go play in the fast moving internet stock arena. Those of us, young or old, who have been in the stock for more than 2 years, have gained enough confidence in its resilience to hang in through the drifts down because we known a rise is coming. Newer investors can probably be easily enticed away to the seemingly easy money of internet.com world. My guess is that when the internet bubble inevitably breaks, our stock will resume its old trading pattern.