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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.550+2.8%Jan 9 9:30 AM EST
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To: Steve Fancy who wrote (719)1/14/1998 12:52:00 PM
From: md1derful   of 22640
 
Thanks for your kind words..this particular thread, unlike many others here on SI appears to have some class!!! I bought these leaps as a speculation that the Brazilian market was unfairly punished for the Asian contagion and that the tbr adrs would slowly rise before the breakup. Thus I do not intend to close the position at option expiration. AS you doubtless know with any options, when the market gives you a good bounce take it!! Thus I would close the position on any great day move the stock may make. THis stock seems very undervalued and as I can't afford the shares, I thought the leaps would be a good substitute and so I waited until the right time (so I thought) to get in. NIce chatting with ya
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