Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.945

-1.1%

Nov 26 3:59 PM EST

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To: Madharry who wrote (1078)	2/25/1998 4:37:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Hi Armin, never hurts to take a profit. I currently have MAR 120's sold against my stock...may look to roll them forward, depending on what the stock does in the next week or two. I don't get this market...I really believe our markets in general are due for a significant fall. I never would've thought we'd come this far this fast. Ought to create some downside pressure on TBR if and when it happens. I'd like to sell more puts, but 3 for MAR 115's with the stock at 118-119 and 3 1/2 weeks to go, just didn't seem like a great deal. The news machine in Brazil seems to be slooow in coming back up to speed. Should see month 1 earnings late this week or early next week based on previous reporting patterns. Hope to see any kind of clarification on the ADR issue soon also, even if it's just a date. Good luck. sf

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