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Non-Tech : Tyco International Limited (TYC)

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To: blankmind who wrote (2841)2/8/2002 8:03:18 AM
From: t2  Read Replies (4) of 3770
 
with "normalized" earnings of $4 or so, the shorts are going to be hard pressed to keep the stock under $80 unless something really negative sticks

Maybe that is why the stock is going up in the face of very negative days on the market in general. Once the liquidity issue is put to rest and CIT is sold, Tyco is going to be in a position to buy back a lot of shares too.
The information in my last post--reference to someone on yahoo msg boards really sums it up well.

Now, the shorts are looking at $30 as a key barrier; I don't expect it to be. Lets see if it is today or monday before this level gets taken out.
jmho.
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