Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.872

+4.5%

Dec 4 3:59 PM EST

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To: Weekapaug who wrote (464)	12/1/1997 11:54:00 AM
From: Steve Fancy	Read Replies (5) of 22640

Ken, the stock is taking a breather. I've been following TBR by the minute for almost 4 months now...it has never held a small trading range for more than a week or so. It's gonna move...the question is which way. Think about the BNDS put selling. Does anyone know exactly who BNDS is? I believe one of the big banks over there. Think about that. 300 million in FEB or MAR 120 puts if I understand correctly. These folks were confident. Interestingly, I wasn't showing any FEB or MAR options as of last night so they must have been sold on a Brazilian exchange? The JAN 120 put was selling for 18 3/8 - 19 5/8 and the APR were 21 3/8 - 22 5/8. Probably easy money, but I'd have to ignore my rules...this always seems to get me into trouble. Thinking of selling more CPQ's, maybe 60's if the stock pulls back. I've gotta get serious researching some of these co's that Uncle Mike is posting also. It would stand to reason that as TBR comes back, many other undervalued Brazilian stocks will pop also. sf

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