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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (22516)	12/14/2001 10:45:47 PM
From: Z Analyzer	Read Replies (1) \| Respond to of 22640

Got in back in July when TBH hit 1998 lows and sold after it cratered then came back to $27, just before things started geting really ugly in Argentina. The Argentine ugliness has sparked a great rally in both the Brazilian currency and the market. Go figure. A devaluation seems inevitable and the default is looking even worse than before. Buying or selling the trend would have worked beautifully since the movement is otherwise illogical.