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

To: MGV who wrote (6479)	8/10/1998 3:41:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Well Mark, as an options holder, I respectfully disagree with your wish for TBR to move lower. I have an order in to average down the 5AUG 115C I own with 10 more at 3/8. Not clear what is responsible for the afternoon rally, but I guess I'm hoping that the anticipation of the listings next week (hopefully) may help offset other worries as the week drags on. Ultimately looking to buy at least 10 more to average down to the 1 area. Rally to 106-108 in the next few days could get me out at a break even on these anyway. sf