Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.896

-0.9%

Nov 21 9:30 AM EST

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To: RockyBalboa who wrote (6601)	8/13/1998 7:08:00 AM
From: Oracle	Read Replies (1) of 22640

Bloody scary stuff, halting the exchange, I looked on Yahoo, and have never seen ALL of europe down on a single day, may not have been looking for long, but this is a first for me. Any other views. I have been working on the resistance levels on the way down : - 94-95 - probably be broken on the open 90 - next level could be broken on the open 84 - this is my guess for a low today 74 - Friday ? The BIG problem with TBR, is that Brazil opens before the US, these guys get spooked by anything thats red, and down she goes, only to gap down on the US open, bloody frustrating if you are wanting to sell or buy. So my guess is low of 84 today - hang on !!!!!!! Steve, I bet your bloody happy all your short puts were for July !?

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