Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.532

-2.4%

3:59 PM EST

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To: James Strauss who wrote (7986)	9/14/1998 8:56:00 PM
From: SouthFloridaGuy	Read Replies (1) of 22640

Keep buying so the shares are available for me to short. TBR to $36 SOON. No way that Brazil can continue its charade. Any undergraduate who took International Finance can plainly see that the country cannot afford to lose $1 billion in capital outflows/day. A devaluation is imminent by year end. Brazil is better off giving up then fighting the likes of Soros and pure unadulterated capitalism. As long as you people keep telling me its a buy, I'll continue to short. Anyway, what the heck are you expecting? A quick retracement to $90? $36 is an 80% retracement and that's about normal for these guys.

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