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

To: Steve Fancy who wrote (6815)	8/18/1998 5:12:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

AE-Mercado:Brasil is not Russia, but deficit is worrisome Sao Paulo, 18 - Although Brazil and Russia might be currently facing different political and economic situations, foreign investment banks claim that expectations on an eventual deterioration of Brazil's fiscal and commercial deficits increases the country's vulnerability to any turbulence abroad, AE-Mercado column informs. In other words, banks are saying that while Russia got pneumonia, Brazil might as well be on the way of caughting a cold. Analysts consulted by the column go further on saying that Russia's currency devaluation alone is not enough to restore the international financial community confidence on the country's economic health, and that more structural measures should be taken to boost the country's economy. (By Inaiˆ Sanches and Vanessa Viola)

To: Steve Fancy who wrote (6815)	8/18/1998 8:23:00 PM
From: MGV	Read Replies (1) \| Respond to of 22640

I have this strong feeling that today may have been the bottom for TBR. I had a similar feeling as well. It has held up well in the face of the ruble devaluation. Still, my head says we will have downside pressure until Japan does the right thing. Clinton should be a nonevent. (OT - I was embarassed by him last night). To be honest, I'm ambivalent about a strong move up right now because I don't have any near term options. I don't risk loss with a tumble any time soon. I am so convinced of the value here that when it goes down from these levels my eyes light up instead of feeling concern. That doesn't happen very often. I bought more today.