Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.825

-11.7%

Dec 1 3:59 PM EST

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To: Steve Fancy who wrote (15125)	5/9/1999 9:56:00 PM
From: Michael Young	Read Replies (1) of 22640

<<I'm hoping worst case may be 15%, which for Brazil would be quite a change. >> If you really feel the downside is only 15% then these stocks are screaming buys. I don't think there is any doubt Brazil has huge upside if things go even fairly well. I'm looking to take the Brazilian plunge with some TCP shares this week. These stocks have already had a nice run from the bottom, but haven't reached the "momentum" stage yet. The action in the US cyclical stocks is telling us that the smart money believes the emerging markets have already seen bottoms. For there is no way those companies can prosper with a weak global economy. Some technicians I respect are trading TBH with a target in the 140-150 range. MIKE

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