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

To: EPS who wrote (1547)	4/8/1998 6:17:00 PM
From: Steve Fancy	Respond to of 22640

Victor...yes, it is all part of the fun. This stock used to fluctuate 4-6 points a day consistently...every day. Yes I noticed your posts. Appreciate the news and conversions. Your version was considerably different and more accurate I assume than the one the translator produced. Have no idea what it'll do, but without the influence of the home market, very possible it'll go up another couple points, then again, very possible it'll go down, but I really don't think there's much downside left in this ADR. I believe this stock has a quickly increasing pent up news stash that it has yet to react to. Any news on Mr Motta would probably influence the direction since we've been conditioned to sell on bad or questionable news regarding his health. That's why I decided to wait till tomorrow or Friday to open up some new positions...just in case. I think it may fly out of the gate on Monday...I better stop saying that in case is doesn't. sf

To: EPS who wrote (1547)	4/8/1998 6:23:00 PM
From: Steve Fancy	Respond to of 22640

Brazil Motta still in hospital, shows improvement SAO PAULO, April 8 (Reuters) - Brazil's Communications Minister Sergio Motta's health had improved slightly but he remained hospitalized Wednesday with fever, a lung infection and breathing trouble, officials said. biz.yahoo.com

To: EPS who wrote (1547)	4/8/1998 6:29:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil markets closed Thursday, Friday for Easter SAO PAULO, April 8 (Reuters) - Brazilian financial markets will close Thursday and Friday for the Easter holidays. Local stock exchanges and financial markets will reopen Monday. ================================== Brazil shrs end firm ahead of holiday, ignore Dow SAO PAULO, April 8 (Reuters) - Brazilian shares closed higher Wednesday ahead of the Easter break, breaking stride with a falling Dow Jones Industrial index, brokers said. <snip> *''The markets will be closed here, but not everywhere else. So it's better to sell now and rebuild positions when the bolsas reopen next week,'' said a trader.* Despite Telebras' weaker close, analysts said investors approved the Sao Paulo Stock Exchange's (Bovespa) decision to create receipts to allow investors to trade in Telebras after its pre-privatization break up. <snip> biz.yahoo.com ============================ Brazil federal tax receipts up 41 pct in March BRASILIA, April 8 (Reuters) - Brazilian federal tax receipts totaled 13.9 billion reais ($12.3 billion) in March, the highest ever recorded for the month, the Finance Ministry said Wednesday. biz.yahoo.com =========================== Brazil's Central Bank lowers its reais mini-band SAO PAULO, April 8 (Reuters) - Brazil's Central Bank lowered its mini-band on the real currency by buying dollars at 1.1390 and selling at 1.1440 reais per dollar in the commercial foreign exchange market, dealers said. biz.yahoo.com