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

To: Madharry who wrote (651)	1/6/1998 1:06:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Well, I jumped the gun on the FEB 110 puts I sold yesterday. I had been feeling that a pullback was in order, but it just didn't seem to want to happen. Not worried about the 110's but could have sold at a much better price today. I think it'll probably rebound and close above 115 today. I know most of you here don't care as much about short term movements, but I have to believe there are other options traders that scan the thread. I also own the stock and plan to at least up until bidding time. May then take a breather and buy back on a dip. Oh well...still watchin for the news on the advisor selection. sf

To: Madharry who wrote (651)	1/6/1998 6:57:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 22640

Armin, What can I say? You're right. I seem to be a black cloud over the stocks I feature. But the market has been unsually cruel to just as many stocks that I haven't featured. Oxford is the only one I wish I could take back somewhat, and even then not really, since the aim is as much to educate on how to evaluate as it is to recommend. My editor asked me to tone down the "wow the growth prospects are huge" aspect of the story, but in the end he published my original story. This is something of a grand slam - the growth is guaranteed and the stock is cheap. Unfortunately, I started writing the article back around 100, and submitted it at 104. The stock rose to 114 so I had to change the numbers, but even then it spiked to 118 by the time it's posted. If it falls back to 100 I'm buying more, though, and I too plan on holding until after privatization. I'll go through more of the extra numbers and analyst discussion a bit later - I'm beat. Mike