Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.015

-12.5%

Nov 3 3:59 PM EST

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To: md1derful who wrote (7503)	9/4/1998 1:50:00 PM
From: EPS	Read Replies (2) of 22640

Doc, I only have (way) out of the money October calls. At this point I have basically written them down as a total loss. Will probably roll up and such to keep the ball going... A bullish comment: at this point I can hardly see positive news that will propel TBR upward in a meaningful way in the next few months. The auction buyers have remained silent, the listing of the companies has taken a long time and in fact will take effect in a terrible general market for emerging markets and non emerging markets as well. Interest rates of 25% will not help the Brazilian economy and can only be considered seriously as interim measures until the elections. Oh well, I had the chance to sell at 125 for 100% profit! Pigs get.. Victor contrarian indicator no doubt

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