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

To: Terrapin who wrote (767)	12/2/1999 10:14:00 AM
From: Chuzzlewit	Read Replies (3) \| Respond to of 3770

Frankly, I think tracking stocks are gimmicks. After all, what does an investor get (own) with a tracking stock? He doesn't own the segment he is "tracking"; he only gets financial data for that segment. What he gets is fractional voting rights for the overall business. I think that TYC generates sufficient cash flow from its businesses to fund the expansion it needs. If TYC prudently chooses its acquisition targets there should be no problem. With the shares of TYC relatively depressed, and with investor preference for cash because it eliminates the synergy risk (there was an HBR article on this issue), I see no problem with this strategy. TTFN, CTC

To: Terrapin who wrote (767)	12/3/1999 1:56:00 AM
From: Dale Stempson	Respond to of 3770

Here's an interesting post from the Yahoo! TYC thread. It's worth a visit to the referenced website to view the charts and the research info on TYC (go first to the "Library" section of mihran.com - then select "Tyco International (TYC)" - then select "Charts" or "Research"). __________________________________________________ TYC Technical Analysis - 12/2 (wow) by: gmihran (38/M/Silicon Valley) 12/2/1999 8:49 pm EST Msg: 15195 of 15250 What a trading day, I missed most of it (I'm glad I did) but the results look great if you're long and believe in 'head and shoulders' reversals. My comments: 1) BIG BOYS: We're all little ants on the picnic basket in the trunk of the car being driven by the TYC specialist and the institutions. So it makes sense to understand as much as we can. a) Buy interest 8:3 over sell interest, 12M shares interest is almost 3X the interest in GE: thomsoninvest.net b) Lots of 'blue arrows'. Specialist kept lowering price to capture big institutional transactions. Notice how price dropped at 12:30 to pick up the rest. Very well manipulated (wait til you see the intraday chart): thomsoninvest.net c) I thought I'd throw this in, a nice options analysis for those of us playing equities and 'leaps': thomsoninvest.net 2) VOLUME: 13.7M shares, heaviest volume day since Tuesday, 11/9 (19.2M shares). What was the pattern during the day, check this out: 9:30-10:30 = 1.6M shares 10:30-11:30 = 1.3M 11:30-12:30 = 1.5M 12:30-1:30 = 2.1M 1:30-2:30 = 1.7M 2:30-3:30 = 3.0M shares! 3:30-4:00 = 2.5M shares in 30 mins! Strong accumulation during the last half hour (wait til you see the intraday chart) as the price was being bid up off of $38 to $38-9/16. [Feel free to stop by my site mihran.com to poke around or click on individual charts below.] 3) TECHNICAL CHARTS: Looking great. I remain very bullish. This is such a critical time for TYC, I threw in a couple of new charts. a) 5-minute Intraday chart (candlestick): Green bars indicate up move, red bars indicate down move: mihran.com -- note how the entire day was traded within a narrow, carefully managed channel -- I added volume bars at the bottom, note heaviest volume came at the end of the day on upward moves, bullish for Friday -- Tues and Wed's support of $39-7/8 became resistance today between 10:30 and 12:00 -- I predict a gap-up open on Friday around this recent support level = $39-3/4 to $40. 12:30-1:00 upward trendline supports this target b) Daily Chart: A very clean 'inverted head and shoulders' (or triple bottom): mihran.com -- left shoulder = $38-1/2, Head = $35, Right shoulder = $38 -- I also drew the bullish ascending triangle the pattern developed within -- purple line to the right is my target line based upon the up-slope off the head c) Weekly Chart (candlestick): I included this because of the significance of $38 support. mihran.com -- look back to early April '99. $38 is where this whole thing began. Very signficant number and why I believe we've hit bottom. (I like this chart a lot.) -- note the sideways trading during the first quarter of this year. $35 was support then and provided support for our 'head' now -- blue trading channel at top of chart is where we wanna get back to asap -- upward slopes Oct-Dec '98, Apr-Jul '99 are identical to the target slope I drew threw Jan 2000. This represents our most conservative target. d) Monthly Chart (log): 1989-1999, this yells 'Stay the Course!' mihran.com Rock'n'Ro Tyco. __________________________________________________ REF: messages.yahoo.com Regards - Dale