Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.170

+6.4%

3:59 PM EST

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To: Paul Shread who wrote (7723)	9/10/1998 12:15:00 PM
From: Steve Fancy	Read Replies (3) of 22640

Paul, if Brazil were to devalue, I suspect TBR may rally from these levels. At 53, I believe there is a 60-70% devaluation built in. Currency estimated to be overvalued per a recent article by 10-30%. Looks like TBR may turn 10 million shares today. Has been trading very high volume the last few days. sf

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