Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.944

+0.5%

Nov 28 9:30 AM EST

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To: Steve Fancy who wrote (1278)	3/23/1998 2:20:00 PM
From: Steve Fancy	of 22640

Interestingly the May options, opened up today, start at 125. I don't know exactly how they determine the range to offer on a new options series, but they don't seem to feel it's going below 125. I'm chompin at the bit to sell some May 130's or 135's, maybe even 140's, but I'm going to give it till the end of the week, waiting for a pull back to the high 120's. I've been thinking our market will correct around the 9000 level. With no news out of Brazil, TBR will likely correct to some degree along with us. Of course news of several varieties should hit soon. Jeremy, where are ya? sf

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