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

To: Steve Fancy who wrote (475)	12/1/1997 10:30:00 PM
From: Weekapaug	Respond to of 22640

Steve, I do have nice profit :) on TBR. I did pay 87 1/4 on 11/12. Yes, but what about greed :) Your right! I probably will let it go if I get called away. So many times I try to beat these bastards and end up losing. Might as well take the gain and run! Like you say it could be 85 tomorrow. Frowns would be upon me then :( Regards Ken

To: Steve Fancy who wrote (475)	12/2/1997 6:28:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's c.bank head sees improving 1998 outlook LONDON, Dec 2 (Reuters) - Brazil will report ''much improved'' foreign exchange reserves in the first quarter of next year while the recent austerity package will help cut the country's twin deficits, Central Bank President Gustavo Franco said on Tuesday. biz.yahoo.com

To: Steve Fancy who wrote (475)	12/2/1997 6:33:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shrs stay strongly higher midsession on Dow SAO PAULO, Dec 2 (Reuters) - Brazilian stocks surged a hefty 2.39 percent by midsession Tuesday, boosted by a firm Dow, foreign bargain-buying and strong country fundamentals, brokers said. biz.yahoo.com

To: Steve Fancy who wrote (475)	12/2/1997 6:36:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Brazil Motta's health better, undergoes more tests SAO PAULO, Dec 2 (Reuters) - Powerful Brazilian Communications Minister Sergio Motta's health has improved but he remained hospitalized Tuesday for tests and treatment of lingering respiratory problems, officials said. biz.yahoo.com

To: Steve Fancy who wrote (475)	12/2/1997 7:50:00 PM
From: Steve Fancy	Respond to of 22640

Brazil rates seen falling despite fixed-income tax BRASILIA, Dec 2 (Reuters) - A proposed increase in tax on domestic fixed-income investors in Brazil is unlikely to get in the way of further reductions in the country's sky-high interest rates, the National Industry Confederation (CNI) said Tuesday. biz.yahoo.com

To: Steve Fancy who wrote (475)	12/2/1997 7:56:00 PM
From: Steve Fancy	Respond to of 22640

uesday December 2, 3:03 pm Eastern Time Brazil shares climb 3.04 pct ahead of close SAO PAULO, Dec 2 (Reuters) - Brazilian shares rose 3.04 percent in late afternoon trade, boosted by an endoresment of the nation's fiscal plan from U.S. Treasury Secretary Robert Rubin, traders said. ''Secretary Rubin said he liked the package and that helped us out,'' said John Carioba of local Indusval brokerage. The Bovespa index (.BVSP) of 51-leading shares rose 293 points to 9942, with benchmark Telebras preferred (TEL_p.SA) up 3.91 percent at 122.50. In addition to Rubin's endorsement, which came during a regional finance ministers' meeting in Santiago, Chile, strong statements by President Fernando Henrique Cardoso to defend the real currency also strengthened the market, traders said. Cardoso made his comments in London Tuesday, the second day of an official visit to England.

To: Steve Fancy who wrote (475)	12/2/1997 8:00:00 PM
From: Steve Fancy	Respond to of 22640

*** RESEARCH ALERT-Telebras still a J.Capel buy *** SAO PAULO, Dec 2 (Reuters) - HSBC James Capel said Tuesday it maintains its buy rating on Brazil's Telebras (TEL_p.SA) after speaking with company officials about its third-quarter results and the new model for competition in the sector. -- Moreover, the government plans Tuesday to release its new post-privatization model for competition, he said. biz.yahoo.com