Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.030

-3.7%

Nov 7 9:30 AM EST

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To: Tony van Werkhooven who wrote (22343)	6/19/2001 12:27:49 PM
From: Steve Fancy	Read Replies (2) of 22640

Tony, great hearing from you again! I haven't really done well at all, but thanks:~) More damage control than anything else. I have felt very strongly that US markets were not done on the downside yet and figured we would pull the likes of Brazil and TEF down with us. My gut says it's still not quite over but I think we're close. I figure 1850-1900 on the Nasdaq. I am almost 80% cash and am waiting to pounce when the time seems right...probably over the next couple weeks. Buyouts aside, I have another feeling that Brazil may be an underperformer until the energy crisis, political scandals and presidential elections next year are behind us. That said, I am thinking of buying TNE at 14 if it gets there....if nothing else for a technical bounce. In the meantime have been making a little money trading. Good luck to you too Tony! Steve

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