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: Telemarker who wrote (11898)	1/18/1999 11:18:00 AM
From: Steve Fancy	Read Replies (2) of 22640

Telemark, I need a little help here... It would appear the drop in the real is offsetting the stock gains in Brazil today? If I'm understanding this correctly, if the stock prices hold, and the real recovers somewhat as we see successful congressional votes this week, this by itself should produce gains in the US markets? On another note, I could swear I saw a comment from Malan on Friday that he may ask for an early release of IMF funds. Whether or not he asked, the previous story suggests he never intended on doing so. Hope they don't start contradicting themselves, we need to maintain credibility here. Thanks, sf

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