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

To: Steve Fancy who wrote (1714)	4/16/1998 2:47:00 PM
From: Jerry A. Laska	Respond to of 22640

Steve, Doesn't seem to be any real explanation for the weakness in TBr other than some general insecurity with Japan, the techs because of Kurlach, and I don't know what else. Here's hoping for the reappearance of our daily late afternoon rally in TBR to stop this sinking feeling. Jerry

To: Steve Fancy who wrote (1714)	4/16/1998 2:56:00 PM
From: md1derful	Read Replies (1) \| Respond to of 22640

SF: Ah rats, as the Apr 120's lose value!! Still holding..we'll see what tomorrow brings....put an order in for some may 125 calls today..we'll see. Hopefully I can nail a few with the stock (amazingly) down today.

To: Steve Fancy who wrote (1714)	4/16/1998 2:58:00 PM
From: Steve Fancy	Respond to of 22640

Brazil raises minimum salary by 8.3 pct to $114/mo Reuters, Thursday, April 16, 1998 at 12:44 BRASILIA, April 16 (Reuters) - Brazil raised its minimum salary by 8.3 percent to 130 reais per month ($114), a spokeswoman for the Labor Ministry said on Thursday. The increase will come into effect on May 1, she added. The figure was in line with market expectations of an increase of six to eight percent. The annual minimum salary is closely watched by analysts as a barometer of President Fernando Henrique Cardoso's commitment to keeping inflation in check. The increase of eight percent is about twice the level of inflation, which currently stands at an annual four percent. Labor Minister Edward Amadeo, in a speech broadcast on television and radio, said a greater increase would have hampered Brazil's efforts to reduce its current account and budget deficits. joelle.diderich@reuters.com)) Copyright 1998, Reuters News Service