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

To: Steve Fancy who wrote (719)	1/14/1998 12:52:00 PM
From: md1derful	Respond to of 22640

Thanks for your kind words..this particular thread, unlike many others here on SI appears to have some class!!! I bought these leaps as a speculation that the Brazilian market was unfairly punished for the Asian contagion and that the tbr adrs would slowly rise before the breakup. Thus I do not intend to close the position at option expiration. AS you doubtless know with any options, when the market gives you a good bounce take it!! Thus I would close the position on any great day move the stock may make. THis stock seems very undervalued and as I can't afford the shares, I thought the leaps would be a good substitute and so I waited until the right time (so I thought) to get in. NIce chatting with ya

To: Steve Fancy who wrote (719)	1/14/1998 1:36:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil rates to fall again in January - report SAO PAULO, Jan 14 (Reuters) - Brazilian Finance Minister Pedro Malan said the government will continue lowering its prime interest rate when policy-makers meet later this month, O Estado de Sao Paulo reported Wednesday. biz.yahoo.com comment: Is it just me, or de we get conflicting news out of Brazil over a couple day period at times? I guess what they said yesterday was rates would not drop to October levels until June, but I took that as not to look for further drops until then. I must misinterpret some of the news.

To: Steve Fancy who wrote (719)	1/14/1998 1:39:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shrs shed gains, off midsession on weak Dow SAO PAULO, Jan 14 (Reuters) - Brazilian stocks erased strong early gains to fall 0.73 percent by midsession Wednesday after Wall Street's weaker-than-expected opening, brokers said. ''The market is accompanying the Dow,'' said a trader at local Santander brokerage. biz.yahoo.com

To: Steve Fancy who wrote (719)	1/14/1998 1:45:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's Telebras may release 1997 net by Jan 19 Reuters, Wednesday, January 14, 1998 at 09:35 SAO PAULO, Jan 14 (Reuters) - Brazil's federally owned Telebras (NYSE:TBR) (SAO:TEL_.P), Latin America's largest telecom, hopes to release its 1997 financial results by January 19, a company spokesman said. "That's our expectation," he said. "Our accountants are working to release the financial statements by the 19th, but it's a bit complicated because there are 27 companies in the Telebras system." Analysts surveyed by Reuters have forecast Telebras, whose preferred share is the local benchmark issue and a leader among foreign stocks traded in New York, will end the year with a consolidated net profit of $3.28 billion. The company last month said it posted a January-November consolidated net of 3.404 billion reais ($3.095 billion) compared with a 2.739 billion net profit for all of 1996. Brazil plans to sell Telebras later this year in the largest privatization in Latin American history. Before it does so, the government intends to break Telebras into three regional fixed-line companies, nine cellular A Band frequency firms and a long-distance operator. james.craig@reuters.com)) Copyright 1998, Reuters News Service