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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?


To: HeyRainier who wrote (214)10/14/1999 5:39:00 PM
From: Craig A  Respond to of 3770
 
This just emailed from Spear report.
"In short, this is a short-seller's game and while we wish it had happened
last week, before our buy, we see this as an opportunity to load up and get
a lower average price before the rumor is squelched for good and the
company reports a positive earnings surprise and then splits its stock!

Tyco is scheduled to report earnings October 21 and will split on October 22.

We are buying aggressively. This stock is appropriate for both
conservative and aggressive accounts."



To: HeyRainier who wrote (214)10/14/1999 5:43:00 PM
From: MasonS  Read Replies (2) | Respond to of 3770
 
Yes...there was a lot of institutional selling...saw some very large blocks yesterday...didn't bother to look today...the decline speaks for itself.

We'll know soon enough...but it has hit TYC at a particularly bad time...earnings...split...

Mason



To: HeyRainier who wrote (214)10/18/1999 1:49:00 PM
From: Tatnic  Read Replies (2) | Respond to of 3770
 
>>>>Accounting irregularities is a big no-no, and many fund managers who have been burned by them in the past have learned to trim down their allocations in such stocks--arguing with the market has tended to be a money-losing proposition. It seems to be a "sell now, ask questions later" type of reaction.

Rainier<<<<
I would say your opinion is validated by the fact that the stock is down 23% in a few days. Sell now find out later looks to be about right.