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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.956-0.1%Nov 25 3:59 PM EST

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To: Steve Fancy who wrote (11417)1/11/1999 7:26:00 PM
From: posjim  Read Replies (1) of 22640
 
Steve, I was so tired of pissing in the wind with Brazilian stocks that I took a few weeks off. Took some early trading profits on some bra babies, moved the cash into 2nd tier internet stocks and daytraded.

Results are good! Made enough the first trading week of the year to tank some of the losers here but hold a big bunch of TNE.( still have 8 lots of the better babies, small positions)

The congressmen are escaped mental patients. I will not be shocked if I see the students in the streets, stoning all government buildings, in the near future.

For now, I hold. When there is blood in the streets..I will buy more!

I spoke recently with with the Latin American guru from Goldman...she only buys TBH basket and said expect a 25 per cent drop if they devalue. That was 2 weeks ago and now it looks worse.

If I get my hands on any baby bra info I will post it!

Thanks again

Jim
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