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

To: Steve Fancy who wrote (654)	1/6/1998 4:57:00 PM
From: Steve Fancy	Respond to of 22640

Brazil stocks seen upbeat, expect foreign buying SAO PAULO, Jan 6 (Reuters) - Despite another day of heavy selling in Asian financial markets, Brazil stocks were likely to keep rising on Tuesday amid optimism that foreign investors will begin building fresh positions in local shares, traders said. biz.yahoo.com Comment: This sure didn't happen today. Looks like investors didn't like the 1 billion additional budget cut. I believe they had already trimmed 1 billion from the original budget I remember to be 7 billion. sf

To: Steve Fancy who wrote (654)	1/6/1998 5:01:00 PM
From: Steve Fancy	Respond to of 22640

Brazil in uproar over organ transplant law By Noriko Yamaguchi SAO PAULO, Jan 6 (Reuters) - A controversial law making all Brazilians potential organ donors has ignited a national debate over whether this devead abuses. ''People are very skeptical. Some don't trust doctors and think their organs may be removed before they are actually dead,'' Vera Cruz, a 35-year-old Sao Paulo businesswoman, told Reuters. biz.yahoo.com

To: Steve Fancy who wrote (654)	1/6/1998 5:06:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shrs end off 3.98 pct on falling world mkts SAO PAULO, Jan 6 (Reuters) - Brazil stocks ended off 3.98 percent Tuesday as slides overseas, particularly on Wall Street, prompted a correction in prices after consecutive sharp rises at the end of the year, brokers said. <snip> Traders hope the bolsa will regain terrain Wednesday, but they noted another session of heavy selling worldwide could dash their expectations of an immediate recovery. Despite Tuesday's negative behavior, traders' perception that the bolsa will benefit from fresh moderate investment sometime this month has not changed. Global investors traditionally build new positions in the beginning of the year. <snip> biz.yahoo.com

To: Steve Fancy who wrote (654)	1/6/1998 5:09:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil details cuts to 1998 state company budgets BRASILIA, Jan 6 (Reuters) - A 3.06-billion-reais ($2.78-billion) cut in the 1998 budgets of Brazilian state firms will fall mostly on telecommunications holding Telebras (TEL_p.SA)(NYSE:TBR - news; TEL.SA) and petroleum giant Petrobras (PET.SA), Planning Minister Antonio Kandir said Tuesday. biz.yahoo.com

To: Steve Fancy who wrote (654)	1/6/1998 11:54:00 PM
From: Weekapaug	Read Replies (1) \| Respond to of 22640

Steve, Buy did I miss boat! Would have had 30 points in 6 weeks. Anyways, I never read anyone posting about the Korea connection? Doesn't anyone think it will affect Brazil? Korea made heavy investments in Brazil. Now Korea is looking for someone to buy there bonds. If financing IMF has arranged for Korea involves Brazil. Won't Brazil have to take it on the chin also? I may have something mixed up? I don't know for sure? It justs seems to me Brazilian market will have to come down too. TBR cut backs may be related to Korea? I still think TBR is a great investment and a WILD stock! I've heard it related to as the same as the breakup of baby bells and we all know that payed off nicely :) $$$$$$$$$$$$ Regards, Ken