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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.945-1.1%Nov 26 3:59 PM EST

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To: wl9839 who wrote (12079)1/20/1999 4:00:00 PM
From: Steve Fancy  Read Replies (1) of 22640
 
Thanks Warren...encouraging. Wonder what caused the sudden change of heart. Would seem to suggest everything will be OK. Regardless, I got my puts at 5 1/8. Thanks to you Warren I didn't panic and left my order. Was ready to change it to 5 3/4 - 6. Now I can go watch my sons basketball game and breath easier. Pretty much covered either way. This one was just to crucial to go uncovered. Art Cashin on CNBC seemed to suggest a failed vote will likely take US markets down again also.

I've been wondering when focus may revert back to the Itmar activities. Sounds like this situation has been worsening. Probably going to be looking at heavy outflows today. Hopefully the last day.

Heavy, heavy volume on UBB today. Many times normal volume.

sf
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