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

To: md1derful who wrote (6677)	8/14/1998 5:27:00 PM
From: Steve Fancy	Respond to of 22640

Yep Doc, Interesting (there's that word again) day. After the bell on the Pacific was unusual. Here's what I saw... Size TBR TBH ====== ====== ====== 16:52 1000 96 1/2 16:30 500 95 7/8 16:20 5500 95 1/2 16:18 3000 95 3/4 16:17 1000 95 3/4 16:17 9000 95 3/4 16:13 1000 95 3/4 16:04 5300 95 3/4 16:03 100 96 1/2 16:03 1000 96 1/16* 16:03 1000 96 3/8* 16:02 1000 96 1/4 *These two TBH trades were on NYSE. ...sooo, as of 4:30, TBR was up 1/8 over TBH and as of the last trades or close, TBR ended up 3/4 point above TBH, and up 3/4 on the day. You have a good weekend too doc! Let's hope for a better week next week. If we're gonna take the DOW to 8250, hope we just get it out of the way Monday morning. sf

To: md1derful who wrote (6677)	8/14/1998 5:35:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil shrs end firm but investors still nervous Reuters, Friday, August 14, 1998 at 17:07 SAO PAULO, Aug 14 (Reuters) - Brazilian shares managed to keep positive ground at Friday's close as investors hesitated to largely shift positions ahead of the weekend, especially after prices hit a nine-month low this week, brokers said. "The market hasn't yet decided whether it wants to stay up or down," said one trader at Corretora Doria & Atherino. "The bourse is still very sensitive to any news coming from Russia and Asia, and obviously to how Wall Street reacts," he said. The Bovespa index (INDEX:$BVSP.X) of 58 most active shares ended up 0.38 percent at 8,744 points. The index reversed a nine-day fall on Thursday, ending up 3.49 percent. Prices jumped up in early trade cheering calm in Asian markets overnight, but flirted with Thursday's closing level thereafter. It was mostly down in afternoon trade, before edging up at the close. Brokers said the positive closings in the last two sessions were mostly linked to technical correction after the market plunged 23 percent during the nine-day slump. By Friday's close, the Bovespa was down 14 percent so far this year. "It is very hard to guess what next week will look like, although the general tendency is to correct what we have lost so far," said the Doria trader. Activity was expected to pick up early next week in relation to Monday's expiration in option contracts. The slump continued in the blue-chip shares. Telebras preferred (SAO:TELB4) ended down 0.44 percent at 112.50 reais, while Eletrobras (SAO:ELET6) slipped 0.97 percent at 29.71 reais. However, Petrobras (SAO:PETR4) ended up 0.51 percent at 199 reais and Vale do Rio Doce (SAO:VALE5) was up 0.49 percent at 20.40 reais. noriko.yamaguchi@reuters.com)) Copyright 1998, Reuters News Service