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: hoyasaxa who wrote (22361)	7/6/2001 3:03:59 PM
From: Steve Fancy	Read Replies (1) of 22640

Howdy hoyasaxa, Yup, looks like I jumped a little early but nice recovery off the lows in TNE today. I had been fearful of the Bovespa cracking 14000 and of course bought the day before it did it. I show it currently at 13799.06. EMT trading at all time low...wish I had sold at 9 as my gut had suggested a few weeks ago. I think I'll hold for possible recovery eary next week but if the weakness looks to continue early next week I may bail from my TNE trade and my long term EMT position. Other four remaining Brazil telecom positions are small enough they don't impact my account much and I'll continue holding for cellular consolidation which should happen soon at these prices? Best regards, Steve

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