Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.501

-5.8%

Jan 13 3:59 PM EST

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To: md1derful who wrote (8956)	10/9/1998 4:35:00 PM
From: Steve Fancy	Read Replies (6) of 22640

Doc, I think she could touch 80 before the end of next week. 78 even more likely. I believe we have been basing in the 65 - 73 range. She's tired of this range...so am I. Hoping to see better than expected earnings (expectations low) keep the market stable to up for the next couple weeks. After that could be back to the doldrums if all these analysts are right. Seems everyone willing to stick their neck out is projecting a fall through 7400. I've heard ranges of 5000-6700. Don't know, especially if interest rates come down as expected. Anyway, back to TBR, I think we may see further anticipation/speculation on Cardoso plan and bailout package heading into next weekend. Have a good one...Doc. sf

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