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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 1.090+3.8%Nov 14 9:30 AM EST
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To: sam who wrote (7765)9/10/1998 4:21:00 PM
From: CuttotheCore  Read Replies (2) of 22640
 
That was a trade for 1,250,000 at 15:43 at 50 1/16 when the bid was at 49 5/8 by (ask) 50. Would seem that it was a buyer soaking up anything < 50. Since tbr originally began trading at 49 (?) there should be resistance here, but given the events and situation the downside would be that the government stepped in to support at 50. I like Steve's 55 day research, but don't like this market.
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