Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.430

+6.6%

11:41 AM EST

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To: md1derful who wrote (8996)	10/14/1998 10:47:00 PM
From: Steve Fancy	Read Replies (5) of 22640

Dunno Doc, the last two stories I posted significantly reduces the chances we hit 75-80 this week. They appear to be delaying the SS reform votes not one week, but two. I'm pretty sure they had said these votes would start on the 20th but now we're skipping to November. Further, doesn't sound like we're gonna hear anything on the fiscal moves till a week from Tuesday. Just today they were leaking rumors we'd hear news on this in the next handful of days. I think the president should come out and clarify what happens when...remove all the middle men, and take charge. Short of getting carried along with the DOW if we experience short term upside, looks it may be a couple weeks till we see 80. Even if the 18 billion IMF funding is approved in the next couple days, I would guess this is on hold pending the release of the fiscal moves also. Don't like how this has panned out. sf

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