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

To: Steve Fancy who wrote (1063)	2/18/1998 5:28:00 PM
From: DMaA	Respond to of 22640

Carnival is the same as Mardi Gras. A big party just before Lent. Literally means goodby meat. Little thing off the web: Carnival goes back to Roman times. It's a major feasting before the period of Lent. Traditional carnival is the weekend prior to Ash Wednesday. In 1998, this is February 21-24, ending on Fat Tuesday, or Mardi Gras.

To: Steve Fancy who wrote (1063)	2/19/1998 1:52:00 PM
From: DMaA	Respond to of 22640

Mildly surprised that Brazil's is the 8th largest economy in the world. Brazil remains 8th in largest economies ranking Sao Paulo, 19 - In spite of Brazil's GDP growth of 3.03% in 1997, the country's position in the world ranking of largest economies remains the same, according to Citibank's Economy Department, see related story. Brazil remains the eighth largest country, with a GDP of US$806bn, right below China (US$973bn). Citibank estimates that Brazil's GDP should begin recovery in 1999, with real growth of 5.48%, and reach US$1 trillion by the year 2005. (Folha de S.Paulo)

To: Steve Fancy who wrote (1063)	2/19/1998 4:08:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's Central Bank lowers its reais mini-band SAO PAULO, Feb 19 (Reuters) - Brazil's Central Bank lowered its mini-band on the real currency by buying dollars at 1.1290 and selling at 1.1340 reais per dollar in the commercial foreign exchange market, dealers said. biz.yahoo.com

To: Steve Fancy who wrote (1063)	2/19/1998 4:15:00 PM
From: Steve Fancy	Respond to of 22640

RESEARCH ALERT-Brazil Unibanco (NYSE:UBB) still a buy Reuters, Thursday, February 19, 1998 at 13:36 SAO PAULO, Feb 19 (Reuters) - Caspian Securities said Thursday it reiterated its buy rating on private Brazilian bank Unibanco (SAO:UBB) and set a year-end price target of $45 per global depositary receipt. In a report, analyst Antonio Klapka said Unibanco shares dropped steeply in the aftermath of Asia's financial crisis as investors saw the bank as risky due to lower capitalization and speculation it had large Treasury transaction losses. "The first perception is misguided as the substantial large excess provisions in Unibanco work as a capital cushion in the medium term," he wrote. He added that, though losses were large they did not threaten the solidity of the bank's balance sheet. "The stock has rebounded very strongly, outperforming the broad market by a good margin and showing that investors are coming to grips with the notion that Unibanco is the cheapest way to invest in a quality bank in Brazil," Klapka said. After recently downgrading local bank Banco Itau, Unibanco is the only buy rating Caspian has in the Brazilian banking sector, he said. Receipts representing Unibanco shares are traded in various foreign markets, including some European bourses. In the United States, Unibanco (NYSE:UBB) is traded on the New York Stock Exchange where it closed on Wednesday at 34-12/16. On the Sao Paulo bolsa, Unibanco common was untraded at Wednesday's close of 31 reais while its preferred stock (SAO:UBB_.P) was untraded at its close of 39.90 reais. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (1063)	2/19/1998 4:17:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shares end weaker in slow trading SAO PAULO, Feb 19 (Reuters) - Brazilian shares ended 0.83 percent lower Thursday in slower-than-usual trading, with investors already preparing for the four-day Carnival break, brokers said. biz.yahoo.com

To: Steve Fancy who wrote (1063)	2/19/1998 4:19:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

I've never let a party stop me from trying to make money, but I guess they take this thing pretty seriously. Wonder if is stopped raining there? I'm looking for more downside yet. The potential of a Friday sell off (who wants to hold over this weekend), the fear of disappointing news from Japan over the weekend, the fear of no good news from Iraq, Brazil on party break, and the generally inflated market, I'm hoping to see another buying opportunity between 110 and 115 in the next handful of days. sf