Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.532

-2.4%

3:59 PM EST

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To: Abundance who wrote (277)	10/11/1997 10:15:00 PM
From: chirodoc	of 22640

<<<<<<< possible upside and downside for TBR over next month...3 months 6 months year ...lord knows...... it really depends on whether or not cardoso gets the nod for re-election, if brazil can rein in the increasing debt, and if the dereg goes smoothly.... if all goes well and the u.s. market stays aloft we could easily see it test the old highs of 160 or above...... if october is cruel, cardoso has bad news, or the debt swells look for it to drop down to test old resistance in 110-125 level. personally i will hold up to the high 140's or low 150's and then place in trailing 5-10% stops to protect downside loss. last time i bought at 80, sold by stop loss at 155 and avoided the drop to the teens.......needless to say i was pleased. :--> good luck..it's a great stock..just watch your backside...... :- {

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