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


To: Alan Newman who wrote (9960)2/26/1999 10:09:00 AM
From: AreWeThereYet  Respond to of 14266
 
The problem is not THQI, whoever dumps the truck load of THQI for whatever reason is/are not finished yet. I have noticed this for awhile. Whenever THQ has a positive press release, it will have a big gap-up and then selling pressure appear to slowly distribute the stock in a orderly manner. Over the past year, there are couple major sell-off and everytime has a good reason (I called them BS or excuses). This time, there is none. I won't accept people calling yesterday action as profit taking as no new high has seen yet. I don't agree with people calling it as THQ's tradition post-earning selloff either. Traditionally we should see new 52 wks high yesterday in the next couple days. There are almost 12 millions or more than 120% of the float traded since THQ broke the short-term uptrend on Jan 22nd. So a resume of short-term uptrend should occur anytime now. If not THQI already represent 60% of my holdings, I will definitely buying aggressively at this time.

U.S. corporate earnings surprise by Zacks - Feb 25
biz.yahoo.com

aC