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: EPS who wrote (6109)	7/30/1998 4:23:00 PM
From: Steve Fancy	Read Replies (1) of 22640

I decided to wait on August calls. Will sell with stock over 130, or if strong rally in the am, may bail tomorrow. If the buying continues tomorrow, quite likely shorts will continue covering...especially near the end of the day. Lets hope economic reports are positive. Everybody ignoring the Yen today. Apparently new gringo's over there commented they will do nothing to support the Yen. What is it about these folks? Almost sounding like we may be worse off then we were before. Rally could be short lived with white house scandal and Japan. Octobers calls I will likely continue to hold, and based on today, hope that all (ton of em) my October 120P and 135P will expire worthless. Good luck folks. sf

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