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

To: Steve Fancy who wrote (6102)	7/30/1998 3:16:00 PM
From: CuttotheCore	Read Replies (2) \| Respond to of 22640

Options aren't my province, but fwiw tbr + tbh volume 10.4 million & counting. Lot of people will take profits before the weekend. What news will harm vs what will benefit. Best of luck.

To: Steve Fancy who wrote (6102)	7/30/1998 4:12:00 PM
From: JohnN	Read Replies (3) \| Respond to of 22640

RE August Options: If I weren't in meetings all day, I probably would have sold them (125 Cs) when the stock hit 126-127 because of the large move up. I really wasn't expecting such a move in one day. My original plan was to sell them pre-auction at 130-135. Since I couldn't, I'll probably see how things go Friday AM, and look for an opportunity there. Only other options I have is a small position of Oct 110s, and we'll see how far we can stretch those babies. John

To: Steve Fancy who wrote (6102)	7/30/1998 4:14:00 PM
From: EPS	Read Replies (1) \| Respond to of 22640

Steve, Only started to play August today..In and out of 120's :-) At the moment I have a free bull spread: 125 - 130 which I'll keep for now. I don't know TA..so I just go by FA?..I agree with you that the rally may continue tomorrow.. later Victor