Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.437

+8.3%

Jan 2 3:59 PM EST

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To: DMaA who wrote (640)	1/5/1998 6:24:00 PM
From: Steve Fancy	of 22640

I agree David. They seem to continually reiterate their mid 98 target date though. Sounds like they hope to gain confidence much sooner. We'll see. Sold FEB 110p @ 4 1/2 today. Didn't get the greatest deal, but hate to see them get away from me. On several previous transactions I got 5 1/2 with the stock 8 points out of the money with 2-4 weeks to go as opposed to what, almost 6. Kinda went out on a limb in that I believe we're entering a new trading range. Hoping to see some news on the advisor selection yet tonight. Got through today with no bellweather earnings warnings...another week or two to go. Good luck and thanks for the post. sf

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