Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.372

-8.1%

Feb 5 3:57 PM EST

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To: Steve Fancy who wrote (6102)	7/30/1998 4:12:00 PM
From: JohnN	Read Replies (3) of 22640

RE August Options: If I weren't in meetings all day, I probably would have sold them (125 Cs) when the stock hit 126-127 because of the large move up. I really wasn't expecting such a move in one day. My original plan was to sell them pre-auction at 130-135. Since I couldn't, I'll probably see how things go Friday AM, and look for an opportunity there. Only other options I have is a small position of Oct 110s, and we'll see how far we can stretch those babies. John

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