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

To: EPS who wrote (1563)	4/9/1998 2:50:00 PM
From: Steve Fancy	Respond to of 22640

Vicor, my gut feeling is that we've probably about seen it for today but my daily calls with this stock used to be so bad that I stopped trying. Nice little bounce today, but I'm kind of expecting a similar mindset here as the traders in Brazil stated yesterday. Close 'em out today, and reopen 'em on Monday. The time value remaining in these APR 125 options will really get whacked over the weekend. I assume you know that I was mistaken and our markets are closed tomorrow. Today could be the last buying opportunity at these levels...I really believe we're gonna see a nice spike next week, but I don't want anyone upset with me if these APR 125's go downhill. Most folks can still get out at about breakeven. I'm still thinking of placing another order yet today. sf