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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.429-4.6%Jan 26 3:59 PM EST

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To: EPS who wrote (1455)4/4/1998 4:45:00 PM
From: Steve Fancy  Read Replies (3) of 22640
 
Victor, I'm aware of the publications, but seem to have a hard time finding anything. I can't ever seem to find the stuff that Mayer posts. Thanks for the information. Seems there's always a million variations of what causes the movement in Brazil...not unlike our market I guess.

I'm kinda hoping to see some TBR a steal at these prices press this weekend, but regardless, with the squashed rumor of premature breakup and a strong suggestion that all companies will trade as ADR's, I really would expect a strong pop early next week. We've been waiting for any news on the ADR's for a long time...as far as I know this was one of the most significant remaining fears.

This is an excellent opportunity for brokerage houses to reiterate their buys as Lehman did on Friday...they seem to get more hesitant as the price moves up. I hope and believe the stock will recover well beyond 125 by expiration.

sf
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