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


To: Trippi who wrote (9709)2/12/1999 4:09:00 PM
From: MikeD  Read Replies (1) | Respond to of 14266
 
Um, whoa, anyone know what happened with the stock today? Why the big sell off? Technical?



To: Trippi who wrote (9709)2/12/1999 4:14:00 PM
From: NeverRight  Read Replies (1) | Respond to of 14266
 
Over 400,000 shares traded is nothing to sneeze at. I'm veeery long this stock, and yes the fundamentals haven't changed, but too many people are selling and not enough are buying.
Could be that some institutional investors are losing patience, and selling down slowly, and not enough people out there to replace them. As long as this stock remains a small cap we have to wait for enough people to decide that this stock has value, unfortunately today people aren't looking for value, they are looking for stocks that are moving up. This can go on for years and if the public doesn't see it, sooner or later a bigger company will see the value and make a bid or the ceo will do a leveraged buyout and figure out how to bring it back later with more pizazz.