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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.692-2.0%Dec 12 9:30 AM EST

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To: DAY TRADER who wrote (250)9/17/1997 1:14:00 AM
From: chirodoc   of 22640
 
<<NOT A VERY GOOD DAY FOR TBR>>

many people are lumping tbr with the asian crisis--they also worry about the brazil debt.

this is a good long term buy imho.

also is a good trading stock if you see base and sell on big run-ups. i am buying under 120 and waiting till it hits 140-150 to sell. i have a day job and can't sell on quick turn.........

as soon as this crisis in the emerging markets is over you will see tbr return to its old self--zzoooooooooom. until then--volatility.

what does your chart say?
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