The big UFC game comes out tonight and THQ looks like it is on a mission higher. RF will be picking up a copy of the game tomorrow and will be playing it for hours. In addition, I believe the stock looks like it will breakout. My technical playbook has been fairly HOT and this needs to be thrown on your radar. I have no position yet but see my comments above in the chart. Fundamentally, the stock is probably close to priced in $5.50-$6; however, that depends on the success of the UFC game. The company is cash rich with 46% of current stock price, representing nothing but cash!
Bottom Line: THQ has been upgraded by the Bank of RF to Buy...$5.75 fundamental price target, $6.50 technical price target.
INTERESTING. I WILL LOOK AT THIS TOMORROW. WE SOLD ALOT OF OUR POSITIONS TODAY BUT KEpt SOME LONG EXPOSURE (RETAIL). I THINK CHARTS ARE STUPID BUT I'LL GIVE IT TO YOU, YOU SEEM TO BE GOOD AT THEM.
ReplyDeleteI agree RF is a genius, I'm convinced. I haven't bought anything in a week but will look at this and OXPS tomorrow. OXPS is going to rip! Do you just research picks for days? I never see these picks anywhere!
ReplyDeleteNaw man - RF has been on the gaming sector since March! Check out the March threads - TTWO was in there way back! The thing that is most interesting on THQI is this UFC game - other than this game, the company really doesn't have a lot going for it! The only other game they make that has decent sales is the Raw vs. Smackdown wrestling game (which is no Halo or GTA by any stretch). THQI is rolling - and this game might just be the "pop" it needs!
ReplyDeleteCraig - Yes i have a "lab" (aka my room) where i look at hundreds of stocks a day then narrow it down. Most you will not find on TV and if so, it will be after I am in it.
ReplyDeleteRT- I agree THQI could be a homerun.