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

To: Alan Palange who wrote (6221)	8/1/1998 1:23:00 PM
From: Max Smith	Read Replies (1) \| Respond to of 22640

Compare the price action of Citicorp (CCI) on April 6th and 7th with the price action of Telebras (TBR) on July 30th and 31st. IDENTICAL charts: CCI: bigcharts.com TBR: bigcharts.com Now the problem: Citicorp stock declined precipitously over the next two months, never again reaching its April 6th high during this consolidation period. Could the same lousy price action happen to TBR?

To: Alan Palange who wrote (6221)	8/1/1998 2:25:00 PM
From: Rohit Nanavati	Read Replies (2) \| Respond to of 22640

Alan, I agree with 100%. CBOE and Brokers are no help. To tell you the truth 95% of Brokers nowadays are like new Car Salesman. If you ask them, where is the engine and what is the size of the engine, he will reply" for the size of the engine, refer the catalogue, and for engine, our expert service dept will help you once you buy the car from me" All they are interested in is to sell you the car and make his commission. Same way brokers are. Now for your Price prediction, I wish you are right but I think $130 is a resonable target by Aug 17th option Exp day. Will see what happens. RN