Telebras (TBH) & Brazil Message Board

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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: Tony van Werkhooven who wrote (11731)	1/14/1999 6:12:00 PM
From: Steve Fancy	Read Replies (2) of 22640

Tony, good to hear from ya. I agree, perhaps a tad to soon yet. Next week or so...I don't plan on missing the opportunity I lost last fall. Do you sense an awful lot of jawboning going on here? Although I realize their actions are the result of the situation, I've lost a lot of confidence in the Brazilian government at this point. Still very bullish on the Telco's and UBB though, at the point the currency is finally perceived as fairly valued. Looks like the market will force the issue soon. If not tomorrow, next week. sf

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