Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.030

-3.7%

Nov 7 9:30 AM EST

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To: Steve Fancy who wrote (12237)	1/22/1999 11:11:00 AM
From: steve kammerer	Read Replies (2) of 22640

Steve, I think you missed my point. At $65 US the stock IS valued where it was in summer when it was $130 US. The difference is the currency change. That means that for us who are long to make any profits: 1. currency needs to go back to 117 (unlikely). 2.The stock has to make the climbs we were looking for when it was $130US. Back then we were looking toward $200 US. That equates to $106US in todays' environment if Real holds at current levels. That makes it a real (no pun intended) stretch to get to actual profit levels for those that bought last Spring much less break even. stevek

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