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

To: Jerry A. Laska who wrote (1533)	4/8/1998 2:48:00 PM
From: Steve Fancy	Respond to of 22640

I'm going to establish more positions also...made the decision. I don't think the stock is going to look back this time. Course something unexpected could happen and wipe me out, but seems like the opportunity of a lifetime, short of when the stock hit 83. Everyone needs to understand the potential volatility of this stock, especially when considering short term options. I may add to my APR 125C position, but more likely will open another May or maybe July put position. Wish I could get at the June's, but not till a week from Monday. Based on the rise today, may not get cheaper. News on Mr Motta could swing the stock either way in the next couple of days. Sitting pat for now, but plan on doing something else before the weekend. Good luck. sf