Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.440

-2.3%

3:55 PM EST

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To: DAY TRADER who wrote (75)	7/18/1997 4:26:00 PM
From: Stefan Gruenwald	of 22640

Nothing, tomorrow is Saturday, you probably have to wait until Monday. I think we might have bottomed today at $123 and TBR got a lot of buy recommendations recently. Its P/E is also quite low and I think we will definitively see $180 within the next half year. Short term it might dive however (maybe $100 levels), depending what the whole market does (there are lots of American mutual funds in TBR). Most of those mutual funds have either already dropped out because of the fast fall or they are watching TBR closely to get back in since it has a good long term value. I am a long term option holder and I will hold until it hits $165. If it indeed falls to $100, I will double. Just my 2 cents. Stefan

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