Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

+6.7%

Nov 24 3:59 PM EST

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To: Steve Fancy who wrote (11639)	1/14/1999 11:31:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Bill Seidman on CNBC just predicted Brazil will devalue as much as another 10%. Suggested problem may spread to select other LA countries...each one needed to be evaluated separately. A caller asked if now is the time to invest, he responded he would wait a few days and see what happens. He suggested to watch for IMF stance. SF:comment...seems that many are suggesting that if additional devaluation will happen, may happen soon. sf

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