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

To: JohnN who wrote (6235)	8/3/1998 1:39:00 AM
From: BOB JOHNSON	Read Replies (1) \| Respond to of 22640

All countries play political games prior to election. Is the US any different??? Brazil has indicated the direction it must go but it takes time and elections behind us to follow that course. TBR and Brazil are long term opportunities not just long opportunities. Do not wish to alienate the people that helped keep my attitude on course through some real ups and downs but Brazil needs our confidence through their election and then watch it head in the right direction... Besides, if the country does not live up to your expectations of reform the option of shorting is always there... Brazil has come so far in such a short time .....Isn't that the reason we hold TBR in one form or the other???? In it for the years, Bob