Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.507

+0.4%

3:59 PM EST

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To: Michael Burry who wrote (170)	8/22/1997 1:13:00 AM
From: chirodoc	of 22640

i agree. i just bought in this am. overslept and missed 120 but got my first lot at 124. i plan to buy more tomorrow. prior to the selloff long term goal was 200. i still think it is possible. brazil has a very low density of telephones, they love to talk and they love technology. it is far easier to make a wireless connection there than a wired one. this is a great long term buy--just be very careful--lots of momentum players and a very unstable market--tbr is about 45% of the valuation of the brazilian market and i think it is 65% of the daily volume. good luck, let's ride this one up together. i'll say when i'm out if you do (last time i bought at 75-90 and sold at 155 for a nice little profit. here we goooo!

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