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

To: Bob Howarth who wrote (530)	12/9/1997 4:30:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Hello Bob, interesting observation. I've heard from several sources that the stock will likely trade in an approximate trading range of 109 - 118 for the next week and a half or so when apparently (per one of today's news posts) Brazialian options expire on 12/15. I'm ready to make some moves tomorrow if 109 does in fact appear to be the bottom. Thinking of selling Dec 105p and Jan 100p or 105p... still holding the stock. I believe upside by July to be as high as 170 or so, not confident enough yet to buy or sell options out that far though. Thanks for the post, sometimes I wonder if Ken, Mike and myself are the only folks who follow this stock. regards, sf