Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.517

-9.2%

Dec 29 3:59 PM EST

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To: DMaA who wrote (625)	12/31/1997 4:42:00 PM
From: Steve Fancy	Read Replies (1) of 22640

David, good work locating this article. Question of the year...I wonder how close they came on their projected dates on many of these companies already sold off. This has been an area of concern regarding TBR. Apparently many analysts feel the July time frame is too aggressive. Then again, who cares if it's July or November. Seems the volatility will likely fade away after the privatisation. Well, I think I came close to calling the year end ADR price. I thought it would be closer to 120, but I'll take 116 7/16. I had sold Jan 115c against my stock @ 4 last week so I might get taken out in a couple of weeks, but in profit mode. Will certainly get back in on any dip if I do. 109-110 may be a new bottom for the stock. We shall see. Another thought has occurred to me...TBR seems to release YTD earnings figures once a month. They seem to always come by surprise, seem to always be positive, and generally seem to lift the stock a couple of points. I'm not going to caught off guard in January. Will compile a list of dates the earnings were released for the last 6 months over the next couple of days. Will post FWIW. Happy New Year to you and everyone! sf

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