Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

-0.1%

Nov 25 3:59 PM EST

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To: Jerry A. Laska who wrote (6492)	8/11/1998 3:17:00 AM
From: Steve Fancy	Read Replies (1) of 22640

You and me both Jerry. Looking like a nasty open...futures all down, Honk Kong put in a terrible performance, though I doubt there's much more immediate downside...maybe another 100 points. All of Asia looks bad and Europe looks bad too. If TBR can hold the 98-102 range, we may see a technical rebound in Asia and Europe tomorrow night...if not I'll bet Wedndesday. If TBR breaks the 98 range at a close...well, we better take that one as it happens. I'll be out tomorrow afternoon (sailing on the bay in one of the big boats), but plan averaging the heck out of my AUG 115C on an weakness tomorrow morning. Order today didn't fill...someone else's did. Good luck Jerry, looks like we're gonna need it. One thing we can say...we sure learned some lessons...investing in Brazil 101. sf

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