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

To: Fred Levine who wrote (1094)	2/27/1998 5:26:00 PM
From: Steve Fancy	Respond to of 22640

Well, I think I sold APR 120P at 5 1/2. My full service broker can't get a confirmation of the order this afternoon, system problems...but a bunch went through at my limit just before the bell. Think I'm going to switch to the Discover on-line brokerage soon. Hate going out on a limb in this overvalued market, but also don't want to lose any more upside potential on the stock. I figured my breakeven in case of trouble is at 115, should be safe. Anyone hear anything further on the ADR clarification, or even a date? Thanks sf