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

To: dougjn who wrote (297)	10/27/1997 12:18:00 PM
From: Lala Pri	Read Replies (2) \| Respond to of 22640

Bear Sterns upgraded Tbr to a buy from attractve.

To: dougjn who wrote (297)	10/28/1997 1:01:00 AM
From: Aaron Weiss	Read Replies (3) \| Respond to of 22640

So much for my sanctimonious spiel about support at 124! I was stopped out at 114-1/2. At some point, the emerging markets which actually have reasonable fundamentals will experience violent rebound rallies, but who knows when (or from which price levels) that'll happen. For the time being, only a fool stands in the path of a speeding locomotive; better just to stand aside and wait for some kind of a base to form. On the other hand, bottoms in these emerging markets tend to be of the "V" variety. Would it make sense to follow TBR down with trailing buy-stop, maybe at the day's high +10? The first rebound it makes off its low will probably lead to the strongest rebound rally (a la 1987 in the US).