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Technology Stocks : SMTI: SMTEK International, Inc.
SMTI 28.39+2.2%11:23 AM EST

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To: chartseer who wrote (100)9/7/2001 10:39:58 AM
From: Bwe  Read Replies (1) of 420
 
Just caught this note from Zacks Advisor about TYC. The chart is telling a very different story than this overly optimistic forecast. TYC's chart looks a lot like C's. Big HPT in June and now a break of the BLSL. I see the stock heading back to the $40 range.

stockcharts.com

"Merrill Lynch had a positive note on Tyco International this morning. It is maintaining its Buy rating on TYC shares with a price target of $100. Tyco International appears to be very well-positioned to grow at an accelerated pace that should continue to be significantly ahead of its peers, according to Merrill Lynch. As the economy bottoms, the analysts believe that Tyco's valuation should expand significantly."
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