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

To: Steve Fancy who wrote (6561)8/12/1998 2:51:00 PM
From: md1derful  Read Replies (2) | Respond to of 22640
 
SF: As you know I have been trading this stock for several months now and all I can say is exactly what I said during the auction...WOW. Still unsure when to jump in again as I don't want to catch a falling knife...maybe we need to test old lows, but at that time the auction was a big uncertainty...now we know all the facts and still down...WOW!!



To: Steve Fancy who wrote (6561)8/12/1998 2:51:00 PM
From: MGV  Respond to of 22640
 
Steve, I think there is little buy side demand now. Recll Kalpesh's post on the subject. Until the GOJ moves, it appears clear now that the sentiment is firmly against anything emerging market and to a lesser extent even small cap. The company is already a value so short term price movement can't be based on a better value point. That said, book and last years low stick out as plausible lower limits.


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