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

To: Aaron Weiss who wrote (310)	10/28/1997 1:13:00 AM
From: Paul Merriwether	Respond to of 22640

Have you seen how the Brazilian index is getting hammered? Last I checked it was down 15%. Its not going to be pretty for TBR. Buying opportunities ahead for the extra patient one... (btw: congratulations on getting "stopped out". Most people don't have the guts to "sell at a loss" and pay for the consequences!). regards -P

To: Aaron Weiss who wrote (310)	10/28/1997 8:19:00 AM
From: dougjn	Respond to of 22640

TBR may bounce up a bit when us does, but unless it goes way lower from here it will be a while before it stops trending down. Everyone now expects Brazil to get a currency attack. Regards, Doug