Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

-0.1%

Nov 25 3:59 PM EST

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To: Weekapaug who wrote (550)	12/12/1997 9:10:00 AM
From: Bob Howarth	Read Replies (1) of 22640

My bet is that FED lowers interest rates over next few months thus taking pressure off the real. This should spark very strong rally in TBR. I also would not be surprised if the Korean-Brazil connection is not dealt with by US Trasury/FED in a way to really hurt speculators betting on substantial real devaluation. For example, US could take the loans thats Brazil owes Korea, pay them off, and asume them. This would really break the contagion link and could be done without Congressional approval (I think) in either country. If I am wrong I am not going to make any money on TBR!! But I think that even in worst case of devaluation the downside is only about 20 points from here. It is not 50 points or anything horrid like that. You can always buy back in if you see any of this happening, and just ride the wave up.

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