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

To: Uncle Mikey who wrote (420)	11/16/1997 3:17:00 PM
From: Steve Fancy	Respond to of 22640

RESEARCH ALERT-Brazil telecoms estimates changed SAO PAULO, Nov 14 (Reuters) - Morgan Stanley Dean Witter said Friday it adjusted earnings estimates on five Brazilian federally-owned telecoms to reflect a revised 1998 economic forecast for the country, but it left its ratings on the telecoms unchanged. biz.yahoo.com =============================== Brazil shares soar at close on Dow, gov't action SAO PAULO, Nov 14 (Reuters) - Brazilian shares soared to close 8.17 percent higher on Friday as firmer Wall Street stock prices and domestic market-boosting measures paved the way for a technical rebound after recent steep drops, traders said. biz.yahoo.com =============================== RESEARCH ALERT - Telebras still ING buy SAO PAULO, Nov 14 (Reuters) - ING Barings said it had reiterated its buy rating on Brazilian state-owned telecommunications firm Telebras (TEL_p.SA)(NYSE:TBR - news), but lowered its 1998 year-end price target to $144 from $180. biz.yahoo.com Comment: I believe ING is an somehow an affiliate of PaineWebber. ================================ Malan says Brazil will go to IMF if necessary BUENOS AIRES, Nov 16 (Reuters) - Brazil will try and ride out international market turbulence with its own tough reforms, but if necessary its government would not hesitate to seek an agreement with the International Monetary Fund, Brazil's Finance Minister Pedro Malan said in an interview Sunday. biz.yahoo.com =================================

To: Uncle Mikey who wrote (420)	11/16/1997 3:20:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

How's everyone feeling about Monday? Which way will she go? I'm going to be the optimist, but there could be a bout of profit taking. Gotta bring TXN back up a little also. sf

To: Uncle Mikey who wrote (420)	11/16/1997 6:35:00 PM
From: Weekapaug	Read Replies (1) \| Respond to of 22640

UM, That's what I was talking about too. Hard to tell if bottoms been reached. TBR was something like 30 two years ago? It seems also they are starting to cut earnings for TBR and expected growth? Reals are off something like 20 percent to date. How much of this parobolic run was real and phony is anyones guess? IMO market will be dull this week? People are starting to think about holidays and all. What doesn't Mark Mobias like? Hey, it's his job to sell there funds, you can't do that recommending stocks you can purchase direct? I'm not saying he's not smarter then us, he is. One thing I've learned in 20 years is to when no one else wants to. As long as the long-term prospects are still in place, for instance, Banks in the early 90's, Oil in the mid 90's, and now it appears, some of the quality utilities with good dividend yield are appearing to be good investments. My last and probably the best-----tele communications for along time to come. You can goto Bovespa and view stocks that trade in Brazil. Put in WWW. southamerica.com, brings you right to Brazil, amazing isn't it! TBR repersents 18.2 of total market. Good Luck This Week! Ken