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

To: Bob Howarth who wrote (539)12/11/1997 8:55:00 AM
From: Madharry  Read Replies (1) | Respond to of 22640
 
check out forbes for interesting info about TBR: ww.forbes.com
To all and Steve Fancy in particular: It's hard enough to be right about the direction let alone the timing. This stock is cheap , its's got the catalyst of privatization going for it. The government has already taken austerity measures to try to prevent devaluation. Why not just buy the stock and sit on it for a year at these levels. I expect this stock over the next year to outperform and at a lower risk than most US investment. It has no exposure to Asia , and no potential slowing of its growth. Just one man's opinion. Good luck to all.



To: Bob Howarth who wrote (539)12/11/1997 9:07:00 PM
From: Weekapaug  Read Replies (1) | Respond to of 22640
 
Bob,

Maybe I did something foolish today and sold my shares? I recieved 98 1/4 for them. But i did make a good profit on them.

I was afraid of the Real losing ground against the dollar and the fact it was undecided what the ADR holders would recieve in the privatation plan.

Regards and what's next? I don't know?

Steve, if you read this, would you offer some thoughts of where it's going?


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