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: Oracle who wrote (6707)	8/16/1998 3:12:00 PM
From: Fred Levine	Read Replies (1) of 22640

Oracle and all-- The recent increase of TBR occurred during very negative days of the stock market. IMO, this is portentious of an increase in TBR's prices. I cannot think of one fundamental reason for the recent decrease in share value--especially in view of the enormous success of the auctions. Anxiety about SEA and Russia is well-directed, but basically does not concern TBR(s). My prediction of $140 was conservative compared to most analysts predicting $160-190. The information is available, once the focus on fundamentals returns, we shall see a very swift return to near-equilibrium figures of $140. f

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