Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.070

+8.1%

3:59 PM EST

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To: Anthony L. Califano who wrote (7625)	9/7/1998 5:39:00 PM
From: MGV	Read Replies (2) of 22640

Anthony - For the moment, nothing fundamental likely will drive this stock price. As discussed on this board, for now, as goes Brazil, so goes TBR. Thus, I don't think the split - though a fundamental positive - will drive the price. If it moves anytime soon, in my opinion it is moving because it is technically oversold. The implication of a technical bounce back is that its legs won't be long. This one requires extraordinary patience. The fundamentals are there. I believe they will get stronger and more compelling but, I don't expect overwhelming demand until the sentiment changes and I don't think the sentiment will change based on the mere listing of the 12. If it were to go to 75 in the short term, I would sell what I bought at 64.

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