Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.005

-6.9%

Nov 19 3:59 PM EST

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To: Steve Fancy who wrote (6412)	8/7/1998 12:27:00 PM
From: EPS	Read Replies (1) of 22640

Hey Steve, The thing about China is that since their currency is not traded they have some leeway to play..It is not clear to me what a devaluation means in such a situation. Japan is likely to take stronger action on their banking system -possibly in the next week or so- ..this would no doubt encourage the Brazilians and we could get out of this hole. October is still far away and there is room to play a bit but I'm very concerned about the August calls in fact more or less given up on them... Victor

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