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 (6415)	8/9/1998 9:51:00 AM
From: EPS	Read Replies (2) of 22640

Steve, Well lets see what happens tonite... Have started massive plans to hedge my October position with diagonal spreads and roll over my August calls. I was planning to do the hedging at higher levels but TBR's valuation was rather low all the way to the auction (and I was too bullish) and then when I thought that finally we had gained some real momentum...the crash @@#! So it;s Sunday morning and I'm running spread sheets. Victor

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