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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.435+8.7%Jan 2 9:30 AM EST

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To: DAY TRADER who wrote (151)8/16/1997 9:38:00 AM
From: chirodoc   of 22640
 
as i was saying with the brazilian stock market i want to se a REAL bottom. then, i want to see a slight turn up with some positive sentiment. i am listening for news about brazil, asian currencies, foreign telecoms, analysts, etc. seems that brailian pension and mutual funds got into telebras late (according to news they all jumped from bonds to tbr when it already had its run) and then bailed heavily when it went down--because they got scared--we're dealing with people that have been burned let's watch this thing together, look at the chart, and see when the bottom fishers start to nibble--then i'll jump in. otherwise, i am afriad tbr will eat our lunch. but imho this stock will rise from the dead and be a good long term play--but it will have it's own time because it is not based only on the fundamentals of u.s. market--brazil is a complex story. talk to you soon.
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