SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?


To: Gene J. Abel who wrote (312)10/28/1997 2:34:00 AM
From: Aaron Weiss  Respond to of 22640
 
Gene,

I'd hazard the guess that TBR is the most internationally-accessible (and liquid) target for those who want to unload/hedge/short BOVESPA stokcs. It has great liquidity on the NYSE. If I had a bunch of Brazilian positions which I wanted to hedge, and was confronted with mile-wide spreads on most of my other positions, I'd short a beta-equivalent amount of TBR and sort things out after the dust settled.

Just a thought...
Aaron