Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.640

+8.8%

Dec 22 3:59 PM EST

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To: lebo who wrote (9478)	11/5/1998 6:10:00 PM
From: Steve Fancy	Read Replies (2) of 22640

lebo, I've got to hand it to you today...I did not see 7 points today on top of previous days gains, though I did predict a more gradual rise by a couple trading ranges over the next few weeks. But, 200 in 6 months...you're talking like I did a year or so ago. IMO, in 6 months it would be a miracle to hit 150. Not out of the question, but 6 months 125-135 may be semi-reasonable from everything I know. 169-210 year-end next year. Course they could always devalue and shoot this plan...I don't see it though. Congress approval of a fiscal plan is my main lingering concern. This could be a big concern yet. If you think yesterday was a soap opera, well, I suspect the best is yet to come. Picture this...god forbid, Cardoso gets shot. This investment went downhill this spring when two important Cardoso allies, Sergio Motta and the head of the senate (I believe) died within a few days of each other. Unfortunately there's an awful lot of dependence on very few people. I suppose this is my second, and only other longer term concern. Appreciate your contributions. sf

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