Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.511

+2.0%

Jan 14 3:50 PM EST

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To: dougjn who wrote (8720)	10/1/1998 3:54:00 PM
From: Steve Fancy	Read Replies (3) of 22640

Well, went ahead and bought puts today. Was holding out to pick up 65's cheaper, but bought 60's at 3:29. Still hold 75 calls, hope to pick up 65 or 70's tomorrow. Guess I'd like to see the markets tank out of the gate, test 7350-7400, then rally back to 7500-7600. Probably won't happen this way, but one things for sure, I'll have this monster straddled over the weekend. sf

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