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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.570-4.5%Dec 26 9:30 AM EST

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To: dougjn who wrote (292)10/23/1997 6:00:00 PM
From: Fred Levine   of 22640
 
Doug --I bailed out today when TBR was "only" down 11. What is fascinating to me, is that there is no real news to drive the stock down. Asia is not Asia in the sense that the Malaysian and Thai economies are different from Japan and Hong Kong, let alone South America, let alone Brazil. However, people have a category of "foreign" which led to all ships going down. When the dust settles, probably in the high 120's. I'm reentering.

good investing--fred

PS--Hong Kong blue chips are a screeaming buy!
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