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 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Oracle who wrote (6318)	8/5/1998 12:08:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Oracle, Don't get me wrong, I'm not feeling great about the market at the moment either. Ignoring any TBR specific news for the moment, TBR should bottom when NYSE does. The question is where is the bottom to the DOW? I still believe that the actual split will generate some excitement, but much depends on the level of TBR and general sentiment when this occurs...who thought the stock would ever be below 110 again? However the fact remains that there is a lot value that was just unleashed. At some point it will be recognized. I still don't think any kind of devaluation is in the cards. Regarding the puts, fortunately a bunch of 'em (120's) expired worthless last month. Regarding the Octobers, I still feel there's an excellent chance they will expire worthless. Have a lot of room to buy them back and still maintain a profit. Bought back the AOL puts I sold Friday this morning at about a point profit...phew. sf

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next