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

To: Jerry A. Laska who wrote (6489)	8/11/1998 1:14:00 AM
From: MGV	Read Replies (1) \| Respond to of 22640

Liu's words are reassuring and thoughtful concerning the issue of Chinese devaluation. He also happens to be right. I want more TBR.

To: Jerry A. Laska who wrote (6489)	8/11/1998 1:21:00 AM
From: MGV	Respond to of 22640

The Asian bourses are all red at 1:20 am.

To: Jerry A. Laska who wrote (6489)	8/11/1998 3:57:00 AM
From: Steve Fancy	Respond to of 22640

Jerry, like it or not, we're just plain ole' victims of circumstance. Seems some folks were smart enough to see it coming. It ain't over till it's over Jerry, which unfortunatly in the case of short term options can come ever 30 days or so.<g> Just don't know if it makes a lot of sense to short TBR at these levels, but a big selloff could be cookin'. Don't believe TBR has much more downside...seems like a 35% plus devaluation may already be built in. What's it take? Book value around 89$ as defined by the shareholder vote in May(?) to split TBR into 12. sf