Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: megazoo who wrote (202)	8/29/1997 5:52:00 PM
From: Scott	of 22640

At this point is is a pure side effect of the ASEAN market--But the questions people have is are we going to experience a devaluation in Brazil etc...The top anylsts say NO..but I don't remember any of them saying that Mexico was going to devalue prior to the '94 melt down. The fact that you have Merrill Lynch focus one CS first boston Solomon UBS Credir Suisse SBC Warburg Banco Fator Morgan Stanley Lehman Smith Barney all with buys on the stock this month...gives one the impression that they don't believe it will happen...I've never know a firm to go out of their way to chop of their foot....but I have know plenty of times that they are wrong...I guess will have to wait and see.....

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