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


To: Steve Fancy who wrote (1278)3/23/1998 2:20:00 PM
From: Steve Fancy  Respond to of 22640
 
Interestingly the May options, opened up today, start at 125. I don't know exactly how they determine the range to offer on a new options series, but they don't seem to feel it's going below 125. I'm chompin at the bit to sell some May 130's or 135's, maybe even 140's, but I'm going to give it till the end of the week, waiting for a pull back to the high 120's. I've been thinking our market will correct around the 9000 level. With no news out of Brazil, TBR will likely correct to some degree along with us. Of course news of several varieties should hit soon.

Jeremy, where are ya?

sf



To: Steve Fancy who wrote (1278)3/23/1998 2:31:00 PM
From: Steve Fancy  Read Replies (3) | Respond to of 22640
 
Something doesn't feel right...after recent repeated claims by high ranking Brazilian officials that the privatization is on track, all of a sudden last week they say there may be a delay, anticipated news stops coming and Motta's in a US hospital. Not a huge concern, but odd. Where's the advisor contract signing news?

Maybe I just like to see myself talk, although generally I'm not one to sit around shooting the breeze.

sf