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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.404-14.1%3:59 PM EST

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To: Michael Burry who wrote (601)12/22/1997 2:38:00 PM
From: Steve Fancy  Read Replies (2) of 22640
 
Hi Michael, look forward to your comments. I've been sicker than a dog, but finally feeling better. I'm gonna try and get things rolling here again.

An update on my activity...sold JAN 105's last Thursday for 5 1/2. Had an order in to sell the 95's at 5 on Friday, but I was too late. I was just too sick (Asian Flu?) Friday AM when I saw TBR break 100...missed an incredible opportunity. Will probably sell 120's or 125's against stock soon.

I believe the stock will move into a new trading range soon...maybe 105-120. We shall see, but I love this stock.

sf
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