Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.481

+6.4%

1:44 PM EST

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To: DMaA who wrote (670)	1/7/1998 1:02:00 PM
From: Steve Fancy	Read Replies (2) of 22640

Looks like a buying opportunity. I'm tapped on TBR, but bought my Jan 115c back at 1 1/8...stock is free again. Assuming another runup, I'll probably sell FEB 125's. I personally don't think TBR will hit 100 again. Nothing other than gut feel which was certainly wrong yesterday). I think 108-110 is the bottom, with a one day dip to 105-106 not out of the realm of reality if this market keeps up. I believe Brazil will dig up some news to support the stock if it drops much further. Seems we're still waiting on the advisor selection. I've got to find out whether the puts BNDS sold expire in FEB or March. Anyone know where I can access newswire archives back to the end of last August? I think it was Reuters. So much for the January effect. sf

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