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


To: Steve Fancy who wrote (6768)8/17/1998 5:22:00 PM
From: steve kammerer  Read Replies (3) | Respond to of 22640
 
I believe Brazil is affected more by Japan than Russia. Japan owns a tremendous amount of Brazilian paper. Fear is if or when Japan has to unload.
stevek



To: Steve Fancy who wrote (6768)8/17/1998 7:47:00 PM
From: Oracle  Read Replies (2) | Respond to of 22640
 
You could be right Steve, seems to be a lot of support at 92-93, but also a lot of resistance at 95-96.

It could go either way tommorrow - ONE MORE DAY.

I am pleased that TBR was down 2.5 given that the Dow was up 150 pts.