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

To: DMaA who wrote (558)	12/12/1997 2:27:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Hi David, stupid question...what is the Kyoto treaty? I have to admit that my knowledge of foreign investing is extremely limited at best, but I've been relatively successful with TBR to date. For whatever reason, I feel very comfortable with TBR. It's a special case foreign stock with the upcoming privatization that in my mind makes it a much more stable investment than you're high PE tech stocks. We have a couple of tech areas that are still looking for a bottom such as the disk drive makers and semi-conductor equipment manufacturers, but they seem to keep going lower. With TBR I'm not as worried that I'll wake up tomorrow and find the stock sliced back to reality as happened to ORCL. It seems that's becoming the American way with tech stocks, bid em up beyond all reasonable expectations, then slice em in half on bad news...Seems to allow for a self-correcting bull market, but I seriously question the buy and hold theory at this point in time. Thanks for your input. regards, sf