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

To: Aaron Weiss who wrote (403)	11/12/1997 11:32:00 PM
From: DAY TRADER	Respond to of 22640

ACCORDING TO PC DISCOUNT, TBR IS DOWN IN AFTER HOURS TRADING COULD THIS BE A SIGN OF CONTINUED WEAKNESS IN THE BRAZILIAN MARKETS??? DT

To: Aaron Weiss who wrote (403)	11/13/1997 12:09:00 AM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Hello Aaron...regarding another problem with straddles or strangles. I considered buying 140 calls and 130 puts when the stock was at 135 a couple of weeks ago immediately after some news. 10 of each would have cost approx 10K (5k ea). The problem is that I probably would have made a small profit, but never would have held on this long. If I had of course, I'd be looking at an an intrinsic value of 46 at this point. The point I guess, is that it's easy in hindsight with the stock at 84 to sit back and dream you held some 130 or 140 puts, but in reality, I doubt very few wouldn't have gotten out at 110. Thanks for your input on this thread. sf