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

To: Weekapaug who wrote (402)	11/12/1997 11:31:00 PM
From: DAY TRADER	Read Replies (2) \| Respond to of 22640

WE'VE BEEN HEARING NOTHING BUT BUY RECOMMENDATIONS FROM COUNTLESS ANALYSTS, YET THE STOCK CONTINUES TO SINK DUE TO THE TERRIBLE BRAZILIAN MARKET, WHICH WAS DOWN 10% TODAY. I HOPE WE CAN SEE A JUMP UP TOMORROW. BUT IT MAY TAKE A WHILE DT

To: Weekapaug who wrote (402)	11/12/1997 11:50:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Hi Ken, tough to predict which way this stock will go. Up until I checked the Hang Seng a few minutes ago, I probably would've predicted another terrible day...maybe 79-80. It seems that the general feeling at the end of the day was more selling likely to come. However, the Hang Seng morning session actually closed up 207. Still under 10,000, but I figured they'd tank again tonight. Course the nights not over, and other markets will likely influence our open tomorrow, but there seems to be a spark of hope for tomorrow morning. Many stocks, especially tech have become so cheap that the selling can't last much longer, short of a crash. sf