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Strategies & Market Trends : Telebras (TBH) & Brazil

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To: DMaA who wrote (7196)8/27/1998 4:05:00 PM
From: MGV  Read Replies (1) of 22640
 
Don't knock CBS. It is the only thing I own that is up today.

Talk about carnage!!!

WCOM down 3
TBR down 8 5/8
PMCS down 3 1/16
VISX down 3 3/8
CBS up 2

The price is insane. I'm thinking Butch Cassidy and Sundance - go out in a blaze. Thinking about selling all my CBS and buying TBR with it tomorrow. We all know that the probability of TBR going down to sub-70 tomorrow is extremely high. (Since we all know that, there is a chance it won't but, the fear is as high on this as I've ever witnessed in the market. It is comparable to 10/19/87.)

What do you guys think?
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