SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jack of All Trades who wrote (51572)9/4/1998 4:47:00 PM
From: SJS  Read Replies (1) of 58727
 
Whoever did the "short" call on intl telephone stocks was right on:
__________
13:39 ET Telebras (TBR) 60 5/16 -4 11/16: Mutual funds/hedge funds that were making bets on the successful privatization of the Brazilian telecommunications industry have been slaughtered, as many placed big bets on TBR believing it to be lay up. The decline has nothing to do with the privatization plan-- that went better than expected. The problem is that investors are fleeing Brazil and other Latin American markets amid fears that several countries on the verge of devaluing their currencies (actually, Columbia made the move earlier this week). Today, TBR taking another flogging after Standard & Poor's lowered rating on stock from "accumulate" to "avoid." In the five weeks since TBR was auctioned off, the stock has lost more than half its value. .

Still a short?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News