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

To: Steve Fancy who wrote (6385)	8/6/1998 4:42:00 PM
From: Mauricio Breternitz	Respond to of 22640

IBOVESPA down 1.41%, Rio down 1.57% Despite NYSE up. This might be because Petrobras(PTBRY) has decided to increase royalties paid to states Not much news on TBR (from Ag. Estado)

To: Steve Fancy who wrote (6385)	8/6/1998 5:06:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 22640

Just came back from an evening meeting (here in Europe its 11pm) looking markets. Hmm... Brazils seems to be the dog for now. My Inet hot portfolio was rather hot today. Surprisingly just the big internet players didnt lose, even in this dog market. (This is a wild collection of Internet and related tech I post here FYI: AAPL AMZN BCST CMGI CNWK DCLK DELL EGGS ELNK INKT INTC KLB KTEL LCOS MSFT MSPG NSCP PIXR PSIX RMBS SEEK SRCM SUNW SWNT USWB WAVO XCIT YHOO) To my surprise all but 3 (i a row, SWNT,USWB,WAVO) black. I will draw circles around the red row and remember, if this happens again. TBR though, didnt make it. But reading the chart, this will be the low point she tries to tell us. I open again buying back the TBH when she does not bottom again but holds up and makes a small bottom at 108,5 109. Also I think markets are going to recover. Slowly, but as in June, the techs are already going, the dow may follow suit. The americas were not that bad (CTC,TDP,VNT,UBB,TAR) giving just -0,5% , Russia was the dog with -6%. One more day and open up again. Christian