Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.896

-0.9%

Nov 21 3:59 PM EST

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To: Oracle who wrote (6320)	8/5/1998 12:43:00 AM
From: Steve Fancy	Read Replies (2) of 22640

Oracle, no I have October 110C at 10.5. Will likely hold...may trade in and out of them. The ones I'm concerned about are the July 115C and 125C. Will likely average these down tomorrow. Regarding October 125C at 10.5...tough call, have to find the best balance of time value and upside. Best bet may be to try and find the bottom to average down. When in this situation I usually buy at least 2 times what I'm holding, but doubling makes a nice dent anyway. I don't think sum-of-the-parts in the 130-140 range in October is out of the question yet, but who knows anymore. sf

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