Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.614

-15.9%

Dec 10 3:59 PM EST

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To: Weekapaug who wrote (964)	2/8/1998 1:38:00 PM
From: Steve Fancy	Read Replies (5) of 22640

I don't know Ken, but when you consider that on 1/22 the stock was at 102, we're not doing bad. The news I had expected to kick things into gear (advisor selection) has been delayed until the end of the month at best. Don't forget the 300 million in puts that BNDS sold that expire on the 18th. Jeremy suggested that they translate into about 117. I'll bet the stock closes over 117 on the 18th. Assuming no further disaster's in Asia or elsewhere in world economies, and further assuming no more analysts setting price targets of 140, my guess would be the stock trades in a range of 108 to 120 between now and the end of the month. Then we should see the advisor selection, month 1 earnings (right at the end of the month?) and some date speculation on when remaining details will be released. From there who knows...hopefully the analysts on the high end (170+) will be closer than the one on the low end (140). I'm holding for a while yet. At this point, I still believe we could see at least another 25-30 points in the next few months. If we get that wild full moon Monday, I hope it pushes us to the upside. Good luck. sf

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