Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: tekgk who wrote (7317)	10/25/1997 1:46:00 PM
From: Elllk	of 94695

tekgk Terrific urls on Asia. Do you or anyone else have similar urls with news on South America, especially Brazil and TBR (Telecommunicacoes Brazillieras--forgive me, I love the name and it degenerates here into Telebras ADRs). There was mention of TBR by some others on this thread in the past week I think. I would love to here more. A week ago Friday I bought TBR puts when TBR was at 140 and felt like a fool Monday and Tuesday as TBR went to 147, although I did take some heart from Goldman Sachs recommending it Monday since that probably meant they were about to get rid of their accumulation. Now I'm looking unusually prescient with TBR at 125 and tottering, but of course I am hoping its is on its way back to 75 and I may be in danger of holding my puts too long--but the Brazil market does look shaky and the government left a lot of confusion about the specifics of the privatizing of TBR. Anyone think they know the story? (Joan, look harder into that future). Among other things, I had noted that last week the State Dept was roundly criticized for releasing a warning to US investors about the Brazil market saying it was full of corruption. Problem was it was politically incorrect as they did it just as Clinton was leaving for his visit and just as TBR was about to announce privatizing scenerio--one reason why Clinton's car was pelted with manure in Brazil. As a result, some excellent middle level worker at the State Dept probably got bounced for being right. By the way Bill H., the Crawforditta's and Crawforditto's are looking pretty good right now! Larry

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