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Non-Tech : Tyco International Limited (TYC)
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To: john douglas who wrote (925)12/9/1999 4:17:00 PM
From: Mr. Tomatohead  Read Replies (1) of 3770
 
quadrupled my position today. Cost basis is now a little over 28, which is about where it finished up. I don't think that I have ever been as comfortable with a long term trade of a stock that is down. I have much larger holdings in GE (thru my wife's former employment), CSCO, and EMC; I am just about as comfortable with the prospects of a nice return within the next 6-12 months with TYC after today's purchase. I may be wrong, but that is the nature of stock picking. If I can't trust the officers of a company to not be completely lying when they have been confronted with accusations over the last month or two, then I don't belong investing in equities. In the end, all of our stock picks should be premised upon good management. At least the ones that we aren't interested in flipping in 10 minutes or 1-2 days. Good luck to those of you who shorted and made money over the last little while, but even you must admit that you don't think that the stock price will be any lower than today a year from here. Not that the situation is factually or situationally comparable, but I am reminded of how foolish some must have been called to invest in Dell back when they built crappy machines and had a retail/storefront approach. That was really a stock in the dumps with no positive catalyst in site. I think that a lot of 10 baggers are in that situation. GE was a sorryass stock at one time. At least TYC is not facing those sort of fundamental business challenges, rather one of integrity which should quickly be answered.
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