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

To: JohnN who wrote (6294)	8/4/1998 2:53:00 PM
From: Steve Fancy	Respond to of 22640

Not yet John...still catching up. I actually have a couple of non TBR related issues I've been wrapped up with today. I figure it doesn't hurt to wait till tomorrow, just in case CSCO or AOL cause a sell-off. Still pondering the entire situation. I'm still very confident in TBR. The question of the year with TBR is when are these darn things going to list. sf

To: JohnN who wrote (6294)	8/4/1998 3:56:00 PM
From: Steve Fancy	Respond to of 22640

Quite a day John. Looks like its gonna test 108. Apparently the close is going do generate a DOW theory sell signal. Wondering if we see a couple hundred point sell-off out of the gate in the morning, then a turn around. Glad as hell I bailed from my AOL puts this morning at about a point profit. I'll be ready tomorrow....not doing anything till then. Confident in all my October options, still at break even, so my concern is only August 115 and 125. sf

To: JohnN who wrote (6294)	8/4/1998 4:09:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 22640

DOW down almost 3 1/2%. What a day. Ya gotta admit, exciting anyway. I hope to see a huge sell-off tomorrow morning...Take her down to 8200-8300. Will be ready to jump into several stocks. Interestingly, TBR outsold the Bovespa. When this thing turns, it oughta turn with vengeance as shorts throw in the towel. This oughta be true with a lot of stocks. Can be tough to view it this way, but at some point, this will turn into a real opportunity. sf