Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.160

-3.3%

Oct 31 9:30 AM EDT

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To: SeachRE who wrote (22633)	2/21/2006 11:42:03 AM
From: steve kammerer	Read Replies (3) of 22640

You do deserve credit as a prophet. Was a good post. Still miss the old Telebras days and the excitement we all held waiting for the privatization auctions. Currently, I am totally out of the Brazil phone stocks. Thanks to Steve Fancy and his recommendation of UBB, I did better than my entire investment in the Telebras privatization. Bought UBB around 8 and I sold half of my position last week for 81. For each 100 shares bought I received approximately 30 shares in reinvested dividends. As usual, my timing of the sale wasn't great because UBB has gone up 7 points since the 14th. Still, don't want to be greedy! I'm NOT recommending this stock at these levels. I only mention it because of Steve Fancy's recommendation. Does anyone know what happened to him? Another holding that has performed well is PBR. Again, I credit Steve because if it wasn't for him and UBB, I wouldn't have been looking at other Brazilian companies when looking for foreign energy stocks last year. This was a great board!

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