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

To: Weekapaug who wrote (696)	1/10/1998 3:19:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Hi Ken...glad to hear about Korea, I forgot they trade on Saturday. Why did the market rally? Can you give us a link to the article you read? Personally I've not been feeling great about the markets. Seems we should have a couple day reprieve coming, but I expect many questioning comments looking forward accompaning earnings, and continued turmoil overseas. I may start closing positions early next week and lay a little lower short term...then again I may not. Hopefully we'll hear positive news sometime late Sunday or early Monday on Indonesia, but the big one is Japan. Strikes me as strange that the Japan big wig came and left with no comments. How all this will affect TBR...who knows. To my way of thinking, TBR is a better bet them most US stocks at the moment, but I may be totally off base on my thinking that Brazil will hold it together amidst all this other foreign trouble. I'm hoping that Brazil will release some kind of news early Monday regarding TBR advisor selection, or some other piece of key legislation passing to help stabalize their market. I bought back the 115c I sold against my stock at 1 last Thursday. Looks like I should of held out, but as far as my stock goes, I'm still in. Hoping to sell FEB 125's if we get a serious bounce. Otherwise, may look out to March. Anyway, welcome back and good luck. sf