Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.750

-14.5%

Dec 5 9:30 AM EST

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To: Weekapaug who wrote (440)	11/27/1997 12:22:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Hi Ken, good call. I was hoping for a pull back on Friday to sell 95 or 100 puts, but if it keeps on going I'll consider bumping the strike price to 105. I haven't missed a month in the last four in regards to options with TBR, and don't plan on missing out this month. I sold 115's against my stock, but still a nice profit if it gets called at that strike. I had not planned on holding the stock this long. I don't generally buy stock. Oughta be some nice upside this month as we work our way through these budget reform votes, and hopefully the privatization plans to be released in January will provide the remaining answers necessary to take it back up over 130. Good luck. sf

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