Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.403

-0.7%

12:39 PM EST

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To: Jerry A. Laska who wrote (8374)	9/22/1998 12:38:00 AM
From: Steve Fancy	Read Replies (3) of 22640

Jerry, I was shell shocked also. FWIW, I took a huge hit. I have this theory that the big guys were clued into something up front. Two in particular were Deutshe Bank and Bear Stearns. Remember how short interest went waaaaay up a week or two before the auction, the numbers were so significant it was obviously institutional. Then days before the auction they downgrade the stock (we were all shocked)...and Jeremy doesn't come around any more. I'm not looking to blame anyone but myself for what happened but the circumstances were too obvious. This has been rolling around in my head for awhile. My wife always asked why the stock was trading where it was, if it was going to appreciate substantial amounts in a short period of time. I found every reason in the world. The lesson that I've learned before...if it seems to good to be true, it probably is. Hey, I'm thinking about Alaska for vacation next year. Maybe we could get together. Hope things improve for you Jerry! Missed your input around here. sf

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