Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

+6.7%

3:59 PM EST

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To: David Petty who wrote (11450)	1/13/1999 6:54:00 AM
From: RockyBalboa	Read Replies (1) of 22640

OT, David, AOL Options ... puts? I will yell once more if I "feel" a true bottom. However there is no assurance that I'm correct. If there is a bottom, UBB and the smaller cellulars should make up for spectacular trading buys. I agree with SF that the cellulars are no good for a longer-term portfolio. In the meantime, the 5-y petrobras euro debt trades with a 10%+ yield (a 650+bp spread to Euro debt), a level not seen for months. Recently I felt only tops, not bottoms. The European stock "investors" (gamblers) are getting fried alive in these days. The geman dax span in the first few days of 1999 is 5500 (high) to 4995(low) and we hit the low and sit at 5000 right now. The charting bottom is 4100-4300 (cough!). Another OT, there is free money (on the short side) in DBCC. Much free money. All a matter of timing and good mo play. C.

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