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

To: Steve Fancy who wrote (6579)	8/12/1998 7:21:00 PM
From: Oracle	Read Replies (1) \| Respond to of 22640

Steve, This attack on the currency seems to be the catalyst here, I must admit I went to bed last night (11am your time) thinking I had messed up BIG time with my short position, TBR was up 2 3/4 ! I awoke this morning to a doubled position ! From a T/A point of view, it looks like another down day tommorrow, all my indicators are showing increased strength on the downside, but we may be getting into oversold territory, also how low can she go ? I am still bullish on this stock for my October options, but for the next few days, well short of some excellant news, I don't see any upside. P.S I plan to close short tommorrow or friday, and hopefully buy some V.cheap Oct 105-110 calls. What you thinking mate, I have given up on my August calls they are basically worthless. - like you say the "death spiral". Keep up the good work.