Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.472

+2.6%

Jan 16 9:30 AM EST

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To: md1derful who wrote (21068)	6/21/2000 2:24:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Why not Doc, things are looking pretty bright. Selic rate at 17.5% with a downside bias going foward is pretty big news in my book. As long as 'daq doesn't collapse I think we're going higher short term as I think they'll be buying this news for some time. I bet they cut again within a couple weeks if US FED holds tight next week, maybe even if they cut a quarter. Having minor second thoughts on TEF...not much support between here and 50...maybe a tad bit at 55. Probably won't decide till tomorrow or Friday. sf

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