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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (78543)	2/20/2000 10:04:00 AM
From: rupert1	Read Replies (2) \| Respond to of 97611

OT - Captain: I bought TYCO at $32 and $35 sold it at $41. I bought back at $38 3/16ths last week but (as I told a correspondent) not too confident that it would not first go to $37 or even $36. I bought back in because the fuse on the "clearance" which is expected from the SEC informal enquiry, is burning short. Also there was a pop on powerful volume last week (before the correction). There is a good chance that the SEC clearance will come in the next few weeks. If it is a clearance I could see a 20-30% one day pop then nice progression to $70 or more this year. TYCO is wonderfully focussed on shareholder value. The way that executive performance is tightly linked to shareholder value is a revelation. It has huge institutional ownership (which slipped a bit since the enquiry ) has extremnely strong support from brokerage houses (buy and strong buys with targets from $60-$90 this year) and it will have a major IPO of its undersea cable operations about June, which should add about $10 to the price of the shares. In addition it is spending $2 billion on share buy backs. Also senior TYCO executives have been buying the shares recently at $41.