Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.588

-1.6%

Dec 19 3:59 PM EST

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To: DAY TRADER who wrote (404)	11/13/1997 3:03:00 AM
From: Aaron Weiss	Read Replies (1) of 22640

DT, I also find it REAL difficult to place a lot of credence in analyst recommendations...a week or two ago, when TXN was around 110, three major brokerages upgraded it to "strong buy". The stock promptly zipped up to 122, now it's 93 and change. Go figure. The reality is that they're not much better at calling bottoms than anyone else! On the other hand, they can do a lot to stimulate some short-term demand for a stock among their followers. I agree with you, it's going to take quite a while for things to sort themselves out down in Brazil. Aaron

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