Squawkbox market analysis with Mike Tarsala from Thomson FinancialTranscript:Welcome to this week's Thomson Squawk Box On the Radar Report. I'm Mike Tarsala.Gaming stocks have been trounced over the past week, driven lower by the general market, a ho-hum reaction to holiday game sales, and already high expectations game releases in early 2008.We're waiting for the chance to buy an even slightly bigger dip in these names.Over the long term, we think that video games will continue to grow in popularity versus network TV and even online music. People love their games, and they will continue to love them. And what we love is that the prices have declined more than 10% on some of these names in the past week.Microsoft was out last night touting what a blockbuster season it was for the gaming industry, saying it sold a slightly better than expected 4.3 million XBox game consoles in Q4, this despite huge competition from Sony and Nintendo. More importantly, the company said it did quite well with Halo 3 over the holidays.We think the market knows that games sales were really strong, and they're already looking to what's next.We could start seeing new positive catalysts for this group later this month. By that time, we should be getting hard anecdotal feedback about the early January title releases. And we'll get some hard numbers on sales of Microsoft's Halo game.In the meantime, we see some potential negatives for the group.Fundamentally, the name we like best in the group right now is THQ, because it has the most achievable expectations. And we also like the risk reward on a technical basis.We have 5 key reasons why we really like it, and see it as a position trade.For details, visit Thomson squawk box.com.

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