Telebras (TBH) & Brazil Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.896

-0.9%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DMaA who wrote (1203)	3/13/1998 1:07:00 PM
From: Steve Fancy	Read Replies (3) of 22640

Date: Fri, 13 Mar 1998 10:45:12 -0300 From: Michael To: smfmlf@centuryinter.net To answer your questions- I was mistaken yesterday the total amt. of inflow just for the Bolsa as at 03/12/98 was 502 million. (1) Yes the Brasilian Portugese & Keyboards do have a Z, but since it sounds like a double s (ss) when pronounced it is not used much. (2)I am always looking back to see where Telebr s can go. Up to yesterday we were looking for a pullback to R$139,00(US$122.50), which can still happen if the resistance line of R$146,00(US$128.60)is not broken. But with the ADR at 129.50 who knows what will happen here. What could have pushed TBR could have been the following factors; In the TBR privatization draft it is mentioned that there can be no rate change for the period of one year after signing, this was in the local papers this morning. Also the National Development Bank (BNDES) is going to sell in May/98 1 billion dollars in bonds to help finance privatizations. All very positive news for the ADR. Buy the way I'm from Ct., just have been here a long time and have become accustomed to the Brasilian market, they love volatility Not insulted by Brazzos guys!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next