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Tyco International Inc.$34.26$0.020.06%

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TYO - A Rare Opportunity!!!

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 Posted by: TraderWalt on Saturday, January 15, 2000 at 11:00:57 AM

Before the open 1-18-00 TYC will Post their earnings. The whisper number is 0.48 vs 0.45 concensus estimate. The SEC investagation has caused this stock to drop from 53.88 on 10-8-99 to a low of 22.50 on 12-9-99. The SEC investigation damage to the stock price should now be over as the stock has bottomed at 22.50 and has now moved off that bottome with a highter low of 27.88 on 12-20-99 and another higher low of 32.00 on 1-12-00. These higher lows are excellent technical indicators point the way to where this stock is headed. Also, the fact that this is a excellent company with excellent earnings is why the analyst one year target is 118.00 and it is listed as a strong buy. The price right now is 34 7/8. A major rebound is about to take place after the up-coming earnings report on Tuesday. In the near term it should easily hit its recent high of 53.88 on 10-8-99. So the near term gain is 19 pts. The long term gain is 83 pts. I would buy this stock at the open on 1-18-00 and risk a 4 pt stop loss to make a near term gain of 19 pts. That's a pretty good risk/reward ratio which makes this a rare opportunity for those who act fast!!!!!




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