Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.945

-1.1%

Nov 26 3:59 PM EST

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To: Jerry A. Laska who wrote (6489)	8/11/1998 3:57:00 AM
From: Steve Fancy	of 22640

Jerry, like it or not, we're just plain ole' victims of circumstance. Seems some folks were smart enough to see it coming. It ain't over till it's over Jerry, which unfortunatly in the case of short term options can come ever 30 days or so.<g> Just don't know if it makes a lot of sense to short TBR at these levels, but a big selloff could be cookin'. Don't believe TBR has much more downside...seems like a 35% plus devaluation may already be built in. What's it take? Book value around 89$ as defined by the shareholder vote in May(?) to split TBR into 12. sf

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