Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.872

+4.5%

Dec 4 3:59 PM EST

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To: Steve Fancy who wrote (6301)	8/4/1998 5:53:00 PM
From: Jerry A. Laska	of 22640

Steve, I look at what happened today and figure that it could have been worse. The last time we saw the Dow fall to these levels on the Dow TBR went to 101 or thereabouts. So it looks to me as if the auction was good for 8 points or so in relation to the Dow; not as much as I was hoping for but it's something at least. The way we charged through support at 8524 on the Dow (the low last June in that mini-correction) makes me think we continue down tomorrow morning and maybe get a little rally about midmorning or in the afternoon (maybe this is just wishful thinking). I guess from what I'm hearing that we can thank Ralph Acampora for this sell-off. Hang in there, Jerry

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