Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.485

-4.0%

12:59 PM EST

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To: EPS who wrote (12314)	1/23/1999 11:52:00 PM
From: Steve Fancy	of 22640

No Victor, I think everyone here understands it will be some time before Brazil fully rights itself. OTOH, the 33% rally last week is just a sign of what's to come as the situation stabilizes...or as investors are feeling the worst is over. The next 10 weeks or so should tell the tale of some time to come. Having been here this long (and done OK I should add) I wouldn't want to miss them. My guess on the real...around 2 assuming there are no more hang ups in Congress...if it didn't hit a low at 1.90 something last week. I would also guess the low will be hit very soon. What's your guess and approximately when? sf

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