Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.437

+9.3%

Jan 2 3:59 PM EST

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To: wl9839 who wrote (15397)	5/19/1999 12:28:00 PM
From: Steve Fancy	of 22640

Warren, I edited my last post...looks like after you saw it. I suspect the minimum age retraction is causing the downdraft...could spread doubt on the entire set of fiscal reforms. As I said, I now question the status of the CPMF tax. I'd bet this is in trouble also. I for the most part stay away from extremely short term options...been burned on these more often than not. Would rather pay the premium and go out a month. I'll add to my positions at the 88-90 level if we hit it. sf

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