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


To: gerry mullane who wrote (647)11/12/1999 10:40:00 AM
From: Tatnic  Read Replies (1) | Respond to of 3770
 
So far (the past few weeks anyway) the stock has a hard time with the 45 area....good day to short. But the company may keep this propped up and not allow it to drop back too much into the 30's....but if they are smart they would wait for more weakness to get more bang for their buck. My guess is that they will wait for another blood-letting before buying a huge chunk. That would serve two purposes: stop the flow of blood and get a better price. Then if they can establish a good support level for the stock the institutions will feel better about stepping up to the plate. Just a hunch. If I'm wrong the stock price will get above 45 and stay there.