Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.597

+1.3%

Dec 24 12:59 PM EST

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To: Naveen Kumar who wrote (355)	11/10/1997 6:48:00 PM
From: Steve Fancy	Read Replies (2) of 22640

So what does everyone think...which way do we go from here? It seems it was the $734 million Telebras budget cut that caused the stock to pull back. Apparently the stock ended up as well as the Bovespa index...apparently in a late day buying spree. I wonder why TBR closed down here? Would any of you TBR experts expect the fiscal changes to offset budget cut concerns? Isn't TBR scheduled to release more info on the privatization this week? Aaron, thanks for answering the question on volatility. sf

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