Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Weekapaug who wrote (735)	1/16/1998 12:12:00 PM
From: Tim Cruise	Read Replies (2) \| Respond to of 22640

Has Government set a definitive date (or at least as definitive Govt's get, especially South American) date as to when they will or must sell their share of TBR? Must this force the market price up to a more reasonable market cap for the company? Thanks, Tim

To: Weekapaug who wrote (735)	1/16/1998 12:41:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Ken, not sure how you're determining which were bought and which were sold. I assume you're talking calls? Sounds like someone may have been setting up 15 point bull spreads. By setting up a spread, they're protecting downside and lowering margin requirements slightly. This is just a guess of course. The volume on the two would have had to have been similiar. I'm thinking the stock might be in the $150 range before the bidding, but there are many variables that could change this. Yes, a better day today. I wouldn't be too surprised to see it dip below 100 one more time though. I'll be ready. Because I think it may fall again, I'll probably buy back the FEB 95P today if the stock goes beyond 106. That oughta put me at about 50% profit. 12 month earnings may come out Monday, or sometime next week per an article I posted above. This may give the stock a boost. I believe it has the last few months. sf