Tyco International Limited (TYC) Message Board

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Non-Tech : Tyco International Limited (TYC)

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To: JRI who wrote (704)	11/16/1999 8:56:00 PM
From: Tatnic	of 3770

>>>> And the stock will keep creeping....up.....boring(ly).......(you are right, though, that 45 or so level will continue to provide some resistance..but soon, even that barrier will be eradicated.....and Tyco will pop over (probably on big volume)....funds coming in... When this breaks 45...it will pop quickly to high 40's and then 50's....you won't have much time to admit the error of your ways <G> A bet on any significant downside is risky here....Especially after the Fed took a lot of fear out of the market today... <<<< Believe me, some of those same thoughts have been passing thru my head. Stubborn stock hanging just under $45. You're right about the break above that with volume...that's what I will be watching for before I dump my position and admit to being wrong. But something tells me it won't happen that way. Still expecting a W bottom at the least...maybe even a longer base before institutions start coming back in. Lets see who gets bored first <g>.

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