Telebras (TBH) & Brazil Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.944

+0.5%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Uncle Mikey who wrote (580)	12/16/1997 12:50:00 AM
From: Steve Fancy	Read Replies (2) of 22640

Hi Mike...you might be right, as long as the stock is down like it is. It was getting tough to make safe calls when the stock was at 145 a while back, but low 100's...it's practically a no-brainer. My gut feel (and with most stocks it seems I'm always off enough to make option buying a bad idea for me) is that 100 is pretty much the bottom from here on out. 95 an absolute steal...with low 90's unlikely due to the stock buy back at around 91. I believe they actually have buy orders in. Upside, who knows, but I'd expect it to head to at least the 125 range just before release of the privatization specs released supposedly in January. From there who knows...and in reality, who knows from here. Besides the stock I hold, I like selling what I consider to be safe puts. The Jan 90 and 95's had great premiums until today. The 100's look good, but may cause more sweat. I sold 95's and 100's this month...I've got my fingers crossed, especially on the 100's. Today helped though, an unexpected 7 points. Ya gotta love this stock. It's been doing this for at least the last four months or so. If you try it, let us know how you do...a blow by blow. regards sf

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next