Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.030

-3.7%

Nov 7 9:30 AM EST

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To: Weekapaug who wrote (735)	1/16/1998 12:41:00 PM
From: Steve Fancy	Read Replies (2) of 22640

Ken, not sure how you're determining which were bought and which were sold. I assume you're talking calls? Sounds like someone may have been setting up 15 point bull spreads. By setting up a spread, they're protecting downside and lowering margin requirements slightly. This is just a guess of course. The volume on the two would have had to have been similiar. I'm thinking the stock might be in the $150 range before the bidding, but there are many variables that could change this. Yes, a better day today. I wouldn't be too surprised to see it dip below 100 one more time though. I'll be ready. Because I think it may fall again, I'll probably buy back the FEB 95P today if the stock goes beyond 106. That oughta put me at about 50% profit. 12 month earnings may come out Monday, or sometime next week per an article I posted above. This may give the stock a boost. I believe it has the last few months. sf

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