Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.570

-4.5%

Dec 26 3:59 PM EST

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To: Weekapaug who wrote (733)	1/15/1998 8:10:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Hi Ken, I generally check the options chains at least once a day, but must have missed the activity you're referring to. Do you know what was traded...what month, strike price and call or puts. In the time I've followed TBR I've never known it to be boring for more than a day or two. Monday the stock traded with what a 12-point spread. Actually I believe it traded with over a 5 point range on Tuesday and yesterday. It's just ending up in the wrong direction. Unfortunately the Brazilian market dosen't seem to have any legs of it's own at the moment and has been following our market. Unusual based on the interest in the stock and huge profits the privatization should bring. We need news out of Brazil or TBR to give it legs of it's own. Remember I suggested the other day it may pull back again. It has not been falling due to any real concern that I'm aware of. Based on that I wouldn't worry. sf

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