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To: Lynn who wrote (73628)	12/11/1999 12:26:00 PM
From: Windseye	Respond to of 97611

Lynn, **OT TYC From Briefing.com, 12/11: 09:28 ET **** Tyco International (TYC) 28 1/4: This is worse than puppy love. When Wall Street falls in love with a stock, it just can't say no, it's over. Following yesterday's 22.1% drop in the price of this diversified medical supplies, electronic security and electrical components company, Wall Street is out in force backing the stock again. Yesterday's price plummet was caused by the SEC launching a "non-public, informal inquiry" into the Tyco's acquisition accounting practices, Wall Street has been backing the stock since the questions about TYC's aggressive accounting practices were first raised in early October. Back then, the stock was trading at around 51 1/2 (adjusted for a subsequent 2-for-1 stock split) when the accounting questions were raised by money manager David Tice of the Prudent Bear fund and publisher of Behind the Numbers. Since then, Wall Street has circled the wagons and backed the stock with Merrill Lynch even naming the issue its "Focus One" stock of the week shortly after the questions emerged to show support for the stock. However, this is one issue in which Wall Street's influence has had little impact in preventing the stock from sinking. Shares of Tyco have been cut almost in half in the two months that have followed the accounting allegations. But like a dog with a bone, Wall Street can't let go with various firms reiterating their "buy" ratings on the stock this morning and even Lehman Brothers touting their $80 price target. But the chart tells the story that despite what Wall Street says, investors like mice leaping from a sinking ship, will sell the stock first and ask questions later. So far, not many investors are convinced that an inquiry into Tyco's aggressive accounting practices should be taken lightly, especially when Wall Street shows so much unconditional love for this issue. - RN ---------------------- I don't know if anyone else watches Clearstation's presentation of MACD, HIST, and Stochastic numbers and uses them as guidelines for entry, but TYC does not look good yet... even with one day of price upturn on high volume, it looks very weak. Following CS guidelines one would wait at least until the MACD HIST turned upward for several days before plunging in. Right now the STOCHs are saying that it is overbought even at this low price level. Doug

To: Lynn who wrote (73628)	12/11/1999 2:22:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

Lynn: Thanks for the interesting TYCO analysis. It is true that even the great British newspaper like The Times - 300 hears old (which is leading the investigation of TYCO director Ashcroft) and which was the model for the NY Times etc has deteriorated a lot since it was bought by American interests - after all Rudolph Murdoch is an American now, you know. The other leading broadsheet, The Telegraph, is owned by Conrad Black a Canadian with substantial US media interests. It's true that some of the UK tabloids have begun to model themselves on The National Enquirer from the US. But nobody takes them seriously. That would be like my saying that Jerry Springer represents the best in US TV current affairs programming.