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

To: Steve Fancy who wrote (1734)	4/16/1998 9:42:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

More from Brazil...thanks Mike! Jeremy had speculated that if Sergio Motta were to die that it may not be taken well and might cause some trouble, although hopefully only briefly. sf ============================ Hi steve cannot get logged on SI tonight again due to traffic. My analyst just sent me my nightly projections, indicating that Tel4 (TBR) had broken support and is heading for R$142,50 or as you mentioned 125 p/adr. He indicated to sell options and use support mentionen as stop. Watch carefully though, because this could be a quick dip and may comeback (fast). Due to options market very volatile! The only excuse for the market here to take in profits would be the fact that Sergio Mottas condition has worsened ( I think he almost went today poor fellow!) Regards Michael