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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (8280)5/31/2001 1:46:46 PM
From: t2  Read Replies (1) of 52237
 
TYC and UTX gaining nicely today after holding breakout points yesterday.

Any time Tyc takes over a company, it is time to buy the stock. The initial drop should be bought...it is usually a short term drop anyways...a buying opportunity as the ARBs make their moves by shorting Tyc and going long the acquired company. There is just too much chatter on this stock about the being the next GE and being undervalued relatively. Confirmed earnings guidance as well.

The fact that the charts on it is also good, should mean a breakout past the 62 range. The rebound today should not be a surprise to those that have watched this stock after the buyout announcements in the recent past.
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