Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.896

-0.9%

Nov 21 9:30 AM EST

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To: Bob Howarth who wrote (11433)	1/12/1999 11:21:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Bob, things look bleak cause the stocks are down...perfect recipe for congressional approval. I'm sticking by Cardoso and will be buying more...maybe yet today. 64 1/4 latest key support. I should have seen today coming because we knew there wouldn't be much news till end of the day and whenever there's panic and a lack of news in Brazil, rumors surface. If they blow one of these votes it's all over, otherwise we may be bottoming today or over the next few. Personally my first targets are to add to my July TNE options and start a TSP July position. My wait one more day in hope 17.5 options will appear. Things have changed in Brazil...just a slow process. I'd like to hear Cardoso or Malan restate the devaluation is not in the cards...seems we haven't heard that for awhile. I'll be watching closely around the 3:00 hour as Brazil comes to a close. They tend to know what's going on an hour or so before we do. David, ya buying yet? sf

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