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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 1.045-10.7%Nov 13 3:59 PM EST
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To: djane who wrote (12332)1/25/1999 2:47:00 AM
From: Steve Fancy  Read Replies (4) of 22640
 
Djane, considering most sources I've seen consider Itamar a laughing stock, seems he's commanded quite the controversy.

I think I speak for most if not everyone here when I say that being aware of as much published material as possible is very important. Certain sources certainly have their own agenda's, but nontheless the stuff is read, and some make decisions by them.

I look at this in a more simplistic light. As long as these Congessional votes are moving forward, I'm relatively convinced all the negative is a great contrarian indicator. Last year *everyone* including all the sources who now claim the devaluation and hence this mess was obvious, said buy, buy, buy. First Call's top rated stock for the better part of the year, remember...I really despise all these after the fact know-it-alls (not referring to anyone here). Now they all say things from wait to stay away. The CPMF vote this week will be another key. Any failure along the way and the games up for awhile, but as long as they keep cranking them through, I think the real will stabilize soon.

I still would like to know what caused the opposition change of heart late last Wednesday. This would likely shed invaluable light in understanding where things stand politically.

Thanks again and good luck.

sf
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