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


To: Tatnic who wrote (670)11/13/1999 2:40:00 PM
From: Richard James  Respond to of 3770
 
CC et al.,

My feeling is that the price fell on Friday, because too much was anticipated from the analyst meeting. I would be more concerned if a RAH RAH meeting had been held, rather than a get down to understanding the basics and lets stabilize this situation type. What I did notice is that, if it means much, TYC couldn't hold and get through 42.5, failing to do so twice. It finally penetrated 42.5 Thursday on its way to 44ish. Then when it retreated Friday, it bounced right off 42.5 to close at 43. What is it they say, resistant becomes support. Think CC is dead on about 45. If we can get through 45 with decent volume, the fat lady is likely ready to sing ala Mel Brooks' Young Frankenstein. (not that Madeline Kahn is fat)