Tyco International Limited (TYC) Message Board

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Non-Tech : Tyco International Limited (TYC)

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To: SPSEIFERT who wrote (3591)	10/24/2002 12:32:39 PM
From: RGM	Read Replies (2) of 3770

True, but I am not too happy about 1.50-1.75eps for 2003. Also, a huge number of Nov02 $15 Calls have been bought relative to the small number of Puts at this exercise price - a bearish indicator as the brokerage houses shall not allow TYC expire above 15 on Nov 18. TYC shall only close above 15 by Nov options expiration if the Nov 15 Put contracts exceed the Nov 15 Call contracts. Keeping it above 15 may have investors buy more 15 Put contracts to build that number up. Do not count on the market to continue to be up after the Nov 8 elections. No analyst recommendations today on TYC so my guess is that they are busy shorting TYC today for negative recommendations tomorrow published tomorrow. I believe they may lower the 2003 target price for TYC from 20 to 17.50 based on the revised eps for 2003. I found it to be interesting that TYC closed or within a few cents of 12.50 the last two options expirations days. I am long TYC via Options, but have bought Nov 15 Puts to hedge my options positions over 15. Shall buy more if TYC goes over 16. Lots of time between now and January (when we hear from mgmt again) for manipulation to scare weak longs out of their positions. Good Luck.

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