Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

+6.7%

Nov 24 3:59 PM EST

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To: CuttotheCore who wrote (6620)	8/13/1998 12:18:00 PM
From: MGV	Read Replies (1) of 22640

Based on the reasoning in post 6617, in my view there are sound reasons why it should not go below 83-84, if at all. Nonetheless, because of the uncertainty still surrounding the main drivers of this swift decline, I think it will go somewhat lower from here. Want a number for the low and I'll say 87 and when it ticks below 90 I start buying again. R, the italics in the post 6617 correspond to Oracle's prediction. (Thinking that wasn't clear) I was commenting on it. I don't think we will see 74 ever and I don't think we will see 84 today, if ever.

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