Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.535

+2.8%

3:58 PM EST

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To: PWal who wrote (162)	8/21/1997 12:48:00 AM
From: chirodoc	of 22640

is support point at 120 based upon TA, is it intuitive, or based on valuation? obviously from a p/e we are getting to fair value in the 120's. just don't forget that we may not be factoring in brazil politics. remember that cardoso must pass new law to allow second term and one contender for job is a socialist. also, many are now lumping emerging markets together and brazil definitely has enough debt to make one wonder about a devaluation of the real. let's see if it holds at 120 and then starts to bump up on high volume--then i'm interested. as of today it was still sinking..................

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