Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: Petrus who wrote (7511)	9/4/1998 2:20:00 PM
From: RockyBalboa	of 22640

One question to Telebras Specialists: There are different derivatives to TBR here. One is TBM which trades on the amex and represents a 6% TBR PERQS. I do not know the conditions but know what a PERQS is (once they have been very popular). As the price goes down, the PERQS get nearer "at the money" and offers a short hedge against a long TBR? Does anyone know about the TBM and the its certain design? Its name is: TBM (MORGAN STNLY 6%""PERQS""2\16\99) Christian The BVSP is off 9,81% now, circuit breakers in action again?

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