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

To: Steve Fancy who wrote (1711)	4/16/1998 2:16:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Anyone know what's going on? sf

To: Steve Fancy who wrote (1711)	4/16/1998 2:28:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 22640

CNBC just mentioned TBR and the breakup. Mentioned that all 12 companies are filing for NYSE listings. Nothing negative other than mentioning the stock price being down. I don't get it. I really thought all this news would get us beyond minor bumps in our market. Oh well...I can just about break even on TBR for APR...small loss on the 135 puts, small gain on the calls, at least at this point. Be the first time in the 10 months I've been involved with this stock I may lose a little. I'd guess I've done well over 20 put trades in that time. Not cashing out quite yet, but probably today. The buyers seem to still be there...the Dow seems to be experiencing buying after sell programs, and the Nasdaq seems pretty strong yet. I wonder if Kurlach shorts those semi-conductor stocks before he speaks. Obviously I will continue to hold my two May 130 put positions. Will probably wait and see what happens after their options expiration (next Monday?) before establishing any news positions...unless it pulls back below 125. sf