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

To: Weekapaug who wrote (440)	11/26/1997 11:58:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Telebras picks brokers on stock buyback SAO PAULO, Nov 25 (Reuters) - Brazilian state-owned telecommunications holding Telebras (TEL_p.SA) on Wednesday disclosed the names of brokerages which will intermediate its stock buyback offers, the company said. biz.yahoo.com

To: Weekapaug who wrote (440)	11/27/1997 12:04:00 AM
From: Steve Fancy	Respond to of 22640

Third Brazilian fiscal decree passes committee BRASILIA, Nov 26 (Reuters) - A third of eight decrees included in the Brazilian government's emergency fiscal pacakge was approved by a committee in Congress Wednesday, a congressional official said. biz.yahoo.com

To: Weekapaug who wrote (440)	11/27/1997 12:10:00 AM
From: Steve Fancy	Respond to of 22640

Brazil shares end firm, upbeat on reform vote SAO PAULO, Nov 26 (Reuters) - Helped by calm world markets, Brazilian shares ended up 2.43 percent amid optimism over a key Congressional vote on the government's civil service reform bill later Wednesday, brokers said. biz.yahoo.com

To: Weekapaug who wrote (440)	11/27/1997 12:22:00 AM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Hi Ken, good call. I was hoping for a pull back on Friday to sell 95 or 100 puts, but if it keeps on going I'll consider bumping the strike price to 105. I haven't missed a month in the last four in regards to options with TBR, and don't plan on missing out this month. I sold 115's against my stock, but still a nice profit if it gets called at that strike. I had not planned on holding the stock this long. I don't generally buy stock. Oughta be some nice upside this month as we work our way through these budget reform votes, and hopefully the privatization plans to be released in January will provide the remaining answers necessary to take it back up over 130. Good luck. sf