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

To: Steve Fancy who wrote (494)	12/3/1997 9:22:00 PM
From: Weekapaug	Respond to of 22640

Steve, Your comments on doing only options, has crossed my mind many times. The only trouble is I don't want to give up my business. I'm not the type of person who can sit still long enough to enjoy the time off. I must admit I gave up 60 hour weeks for 30-40 at most. Now I spend the time with my kids or doing what ever I want. Yeah, I know what you mean that TBR should be down tomorrow.( I picked the wrong day to cover?) Except South Korea seems to be having a big rally tonight. Either way I will not sell my TBR and will wait to hear what you say about 120 puts. I have had the best luck selling naked puts and it seems you have too? I should have stradled and bought also? I have 20 percent annual simple compound rule I apply to stocks I buy and this one should be around for years (excluding dividends) Almost bought AGPH today @ 27 5/8, should have? M-S had meeting yesterday and reiterated strong buy with lower target of 56? I think for the next 12 months. I have report at office if interested? I'm losing faith in brokers period. I like being on my own. Enough said for tonight. Good Night Ken

To: Steve Fancy who wrote (494)	12/3/1997 11:40:00 PM
From: Steve Fancy	Respond to of 22640

FOCUS-Brazil's Energipe sale draws highest premium By Simona de Logu RIO DE JANEIRO, Dec 3 (Reuters) - The Brazilian electricity distributor Energipe surprised many market observers on Wednesday by drawing the richest premium yet in the country's drive to privatize its power sector. biz.yahoo.com

To: Steve Fancy who wrote (494)	12/3/1997 11:56:00 PM
From: Steve Fancy	Respond to of 22640

TABLE-Details of Telebras (NYSE:TBR) 10-mo results Reuters, Wednesday, December 03, 1997 at 09:26 SAO PAULO, Dec 3 (Reuters) - Brazilian federal telecommunications firm Telebras (SAO:TEL_.P) on Wednesday released the following unaudited consolidated financial results for the January through October period. Jan-Oct 1997 Jan-Oct 1996 Net 3.094 bln N/A Gross Revs 16.883 bln N/A Net Revs 12.9 bln N/A Oper Profit 4.884 bln N/A Pre-Tax Profit 5.197 bln N/A Net Worth 31.264 bln N/A NOTE: All figures in Brazilian reais and not adjusted for inflation. In a statement, the company also said it posted a holding net profit, which includes proceeds from loans to subsidiaries, of 3.590 billion reais in the 10-month period. Telebras said installed lines at the end of October reached 16.42 million while cellular lines in service totalled 3.639 million in the period. 2485570, james.craig@reuters.com)) Copyright 1997, Reuters News Service

To: Steve Fancy who wrote (494)	12/4/1997 12:16:00 AM
From: Steve Fancy	Respond to of 22640

ADR REPORT - Telebras higher after earnings report By Mark Lewis NEW YORK, Dec 3 (Reuters) - Telebras SA (TEL_p.SA) (NYSE:TBR - news) American Depositary Receipts rose in morning trading after the Brazilian telecommunications company's 10-month consolidated earnings met investors' expectations, traders said. biz.yahoo.com

To: Steve Fancy who wrote (494)	12/4/1997 12:44:00 AM
From: Steve Fancy	Respond to of 22640

Brazil shares rise early on Telebras, tax talk Reuters, Wednesday, December 03, 1997 at 09:44 SAO PAULO, Dec 3 (Reuters) - Brazilian stocks rose 0.8 percent in early trade Wednesday on a surprisingly large October net profit at Telebras (SAO:TEL_.P) and a growing sense equities funds will not be affected by a recent tax hike, brokers said. "Telebras's profit in October was exceptional," said a dealer at local Crefisul brokerage. "Also, people now think equities will not be affected by the new income tax rate." Sao Paulo's 51-share Bovespa index (INDEX:$BVSP.X) defied expectations of profit-taking at the open and rose 79 points in the first 25 minutes of trade after Telebras released its January-October financial results. A half hour before the start of trade, Telebras released its 10-month results, including a 3.094 billion-real net profit for January-October and an October net income of 674 million reais. "People were expecting an October profit of about 300 million or 350 million," said one dealer. As a result, bolsa benchmark Telebras preferred shot up in early trade, rising 0.93 percent to 124 reais before paring those gains as Wall Street prepared to open. The index also lost some of its early ground as trading got under way in New York. 248-5570, james.craig@reuters.com)) Copyright 1997, Reuters News Service

To: Steve Fancy who wrote (494)	12/4/1997 12:47:00 AM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil shares rise early on Telebras, tax talk Reuters, Wednesday, December 03, 1997 at 09:44 SAO PAULO, Dec 3 (Reuters) - Brazilian stocks rose 0.8 percent in early trade Wednesday on a surprisingly large October net profit at Telebras (SAO:TEL_.P) and a growing sense equities funds will not be affected by a recent tax hike, brokers said. "Telebras's profit in October was exceptional," said a dealer at local Crefisul brokerage. "Also, people now think equities will not be affected by the new income tax rate." Sao Paulo's 51-share Bovespa index (INDEX:$BVSP.X) defied expectations of profit-taking at the open and rose 79 points in the first 25 minutes of trade after Telebras released its January-October financial results. A half hour before the start of trade, Telebras released its 10-month results, including a 3.094 billion-real net profit for January-October and an October net income of 674 million reais. "People were expecting an October profit of about 300 million or 350 million," said one dealer. As a result, bolsa benchmark Telebras preferred shot up in early trade, rising 0.93 percent to 124 reais before paring those gains as Wall Street prepared to open. The index also lost some of its early ground as trading got under way in New York. 248-5570, james.craig@reuters.com)) Copyright 1997, Reuters News Service