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

To: Steve Fancy who wrote (1758)	4/17/1998 4:59:00 PM
From: Jerry A. Laska	Read Replies (1) \| Respond to of 22640

Steve, Yup. While I continue to agree with you that 135 is in the cards I think we might see another valley like 2 weeks ago. Japan still hasn't dealt with their problems, G7 isn't putting enough pressure on Japan to deal with their problems, and Motta still seems to be in pretty bad shape. I'll probably be long calls again at some point. Sooner rather than later probably. Good luck, Jerry

To: Steve Fancy who wrote (1758)	4/17/1998 5:51:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shares reverse losses, end modestly higher SAO PAULO, April 17 (Reuters) - Brazilian shares reversed early losses and ended slightly higher on Friday, as U.S. stocks rose and investors prepared for Monday's options settlement, brokers said. <snip> After the close, traders said Telebras (TEL_p.SA) options at 148 real strike price may be exercised on Monday. Telebras is the underlying stock for the most active options. Telebras preferred rose 0.14 percent to end at 146 reais. <snip> biz.yahoo.com