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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (772)3/30/2000 1:11:00 AM
From: Original Mad Dog  Read Replies (1) | Respond to of 2850
 
well I've got some BGEN that I got at 80 a few days ago

John, I loaded up on BGEN a few days ago as well (APR 70 calls, when stock was at 77). I'm not worried -- looks to me like it has been holding up ok when the Naz doesn't sell off as a whole. So when the Naz rallies -- which it will do, probably tomorrow afternoon and Friday and if not, then in a big way next week -- BGEN should fly to 85 or 90. High enough for me to sell my April calls and you to take a profit. If you want one.

JMHO, would like to hear yours,

MAD DOG



To: John Pitera who wrote (772)3/30/2000 5:54:00 AM
From: johnsto1  Read Replies (1) | Respond to of 2850
 
TDY -from dow jones
<<Riesenseld told Dow Jones Newswires that Tuesday's gains may have been a combination of Banc of America Securities LLC increasing its price target last week and the market finally taking notice of Teledyne's skills.>>
Banc of America increasing price target doesn't show up on any searches. Is it yet to come out???

March 29, 2000


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Teledyne Tech Dn 20%;Profit-Taking From Tues Gains Cited
Dow Jones Newswires

By Miatta V. David
NEW YORK -- After reaching a 52-week high Tuesday, shares of Teledyne Technologies Inc. (TDY) fell more than 20% Wednesday as market watchers cited profit-taking.

"There has been a buzz about the stock," said a market watcher who asked not to be identified.

"It was mentioned on CNBC Tuesday, which sent the stock up," he said, "and there were a lot of day traders boosting the stock on message boards."

Shares of the Los Angeles provider of electronic and communication products systems fell as low as 20 7/16 and recently traded at 21 1/8, down 4 7/8, or 18.8%, on volume of 1.7 million, compared with a daily average of 273,500.

The stock soared Tuesday while Wall Street unsuccessfully searched for news that could explain the gains. After setting a 52-week high of 28 1/2, it closed at 26, up 7 5/8, or 41.5%.

The market watcher said Wednesday's drop doesn't reflect any fundamental changes to Teledyne.

"It's profit-taking from Monday and Tuesday's gains," he said.

Teledyne's Chief Financial Officer Stefan Riesenseld said, "The question isn't why is (the stock) down today, but why it was up yesterday."

Riesenseld told Dow Jones Newswires that Tuesday's gains may have been a combination of Banc of America Securities LLC increasing its price target last week and the market finally taking notice of Teledyne's skills.

Riesenseld said the company has not released any news that could have affected the stock either way.

Teledyne Technologies is a spinoff of Allegheny Technologies Inc. (ATI).

- Miatta V. David; Dow Jones Newswires; 201-938-5175

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Briefing Book for: ATI | TDY