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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (8298)5/31/2001 8:32:22 PM
From: t2  Read Replies (2) | Respond to of 52237
 
I've only got half a position in TYC; had planned to add the other half on the retest this morning, but it was gone by the time I got the chance. I may get another chance; a lot of technical damage to the indexes yesterday argues for some more downside, IMHO.

Well, you should get your chance to add more TYC tomorrow. That is my plan based upon this secondary offering (shares) by the company to raise cash---announced after the close. Should create another temporary dip in the stock tomorrow morning...I plan to add as well. Don't expect any weakness to last for more than a few hours. This stock is also the type that could survive some pullbacks in major markets because of its undervaluation compared to a GE type. It is in demand.
Although I don't follow charts much, I do agree with your TA and target of 70+.

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