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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 1.080+1.4%Nov 18 3:59 PM EST

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To: Steve Fancy who wrote (12013)1/19/1999 5:29:00 PM
From: Steve Fancy  Read Replies (1) of 22640
 
PREVIOUS STORY IS A MUST READ! Sure sounds like 50-50 at best. If the vote fails or is delayed watch out below...and I mean all the way to China. I am going to briefly hedge my Brazilian investments with TBR or TBH puts tomorrow. Hopefully I won't have to hold them overnight as this is where you get killed on Brazilian options...the morning gaps.

OTOH (on the other hand), if they can pull this vote off...80 here we come.

I have more news to post, but will post later. I want this story to sit near the bottom of the thread for awhile to try and ensure most folks see it.

sf
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